trending Market Intelligence /marketintelligence/en/news-insights/trending/67kdxYvG-oNEmDM3mGtkaA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Glamour Textile Mills swings to loss in fiscal Q2

Blog

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

Blog

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

Blog

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

Blog

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


Glamour Textile Mills swings to loss in fiscal Q2

Glamour Textile Mills Ltd said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, came to a loss of 1.15 Pakistani rupees per share, compared with 22 paisa per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 30.7 million rupees, compared with income of 6.1 million rupees in the prior-year period.

The normalized profit margin declined to negative 8.5% from 0.8% in the year-earlier period.

Total revenue fell 42.5% on an annual basis to 438.2 million rupees from 762.6 million rupees, and total operating expenses declined 35.0% year over year to 472.8 million rupees from 727.8 million rupees.

Reported net income totaled a loss of 51.5 million rupees, or a loss of 1.93 rupees per share, compared to income of 18.3 million rupees, or 67 paisa per share, in the prior-year period.

As of March 1, US$1 was equivalent to 104.72 Pakistani rupees.