trending Market Intelligence /marketintelligence/en/news-insights/trending/1Yz9zXRoP1R5razsyvLfag2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Crescent Fibres fiscal Q2 profit falls YOY


Understanding the Basics of Social Housing Providers and Associations (SHPAs)


Tech in Banking: An Age of Digital Disruption


COVID-19 Impact & Recovery: LCD Outlook for H2 2021


COVID 19 Impact Recovery Media Telecom and Technology Outlook for H2 2021

Crescent Fibres fiscal Q2 profit falls YOY

Crescent Fibres Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, was 40 Pakistani paisa per share, a decrease of 86.9% from 3.07 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 5.0 million rupees, a decrease of 86.9% from 38.1 million rupees in the prior-year period.

The normalized profit margin fell to 0.6% from 4.7% in the year-earlier period.

Total revenue grew 8.9% on an annual basis to 890.5 million rupees from 818.1 million rupees, and total operating expenses increased 15.8% year over year to 863.1 million rupees from 745.5 million rupees.

Reported net income fell 92.9% year over year to 4.8 million rupees, or 39 paisa per share, from 67.4 million rupees, or 5.43 rupees per share.

As of Feb. 29, US$1 was equivalent to 104.67 Pakistani rupees.