Shadman Cotton Mills Ltd. reported earnings results for the first quarter ended September 30, 2017. For the quarter, the company reported turnover, net of PKR 64,928,551 compared to PKR 188,843,007 a year ago. Loss before taxation was PKR 26,496,593 compared to PKR 26,408,499 a year ago. Loss after taxation was PKR 27,343,275 compared to PKR 28,233,284 a year ago. Basic and diluted loss per share was PKR 1.55 compared to PKR 1.60 a year ago. Loss for the period was PKR 26,449,020 compared to PKR 26,363,589 a year ago. Operating loss was PKR 26,449,020 compared to PKR 26,368,589 a year ago.