Zephyr Textiles Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2016
February 20, 2017
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Zephyr Textiles Ltd. reported earnings results for the second quarter and six months ended December 31, 2016. For the quarter, the company reported sales were PKR 872,080,676 against PKR 908,836,652 a year ago. Operating profit was PKR 56,140,737 against PKR 45,139,561 a year ago. Profit before taxation was PKR 26,769,333 against PKR 12,939,757 a year ago. Profit after tax was PKR 21,340,500 against PKR 7,205,486 a year ago. Earnings per share were PKR 0.36 against PKR 0.12 a year ago.
For the six months, the company reported sales of PKR 1,711,231,167 against PKR 1,785,078,497 a year ago. Operating profit was PKR 101,153,226 against PKR 92,388,901 a year ago. Profit before taxation was PKR 39,221,407 against PKR 25,007,000 a year ago. Profit after tax was PKR 28,447,100 against PKR 13,940,601 a year ago. Earnings per share were PKR 0.48 against PKR 0.23 a year ago.
Zephyr Textiles Limited is a Pakistan-based company, which is principally engaged in the manufacturing, dying and trading of woven cloth, which also includes towels. The Companyâs collections include winter collection, blended collection, cotton collection, dobby design collection and kurta collection. Its fabrics are offered in a range of colors and textures. The Companyâs cotton collections include Nafees Cotton, Silver Leaf, Forever, Aragon, Mustang, Oaktree, Desire, Cool Cotton, Apollo, Prime, Allure, Cyrus, Zeus, Coral and others. The Company's blended collections include Moonmist, Blaze, Andaz, Magnum, Optima, Supreme, Calico and Emperor. The Companyâs kurta collections include Rainbow, Festive Collection and Tuscany. Its dobby design collection includes Iconic, Onyx and Atlas. Its winter collections include Falcon, Monoco, Marvel and others.