trending Market Intelligence /marketintelligence/en/news-insights/trending/H3I2h84M4NbyLnbQMnCOmw2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Ahmad Hassan Textile Mills swings to loss in fiscal Q1


US utility commissioners: Who they are and how they impact regulation


Climate Credit Analytics: Linking climate scenarios to financial impacts


Essential Energy Insights, April 2021


LCD Monthly: LIBOR: A dramedy for our times

Ahmad Hassan Textile Mills swings to loss in fiscal Q1

Ahmad Hassan Textile Mills Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 amounted to a loss of 15 Pakistani paisa per share, compared with 25 paisa per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 2.2 million rupees, compared with income of 3.8 million rupees in the prior-year period.

The normalized profit margin fell to negative 0.3% from 0.5% in the year-earlier period.

Total revenue rose 5.8% on an annual basis to 791.7 million rupees from 748.4 million rupees, and total operating expenses rose 7.5% on an annual basis to 769.8 million rupees from 716.1 million rupees.

Reported net income came to a loss of 4.0 million rupees, or a loss of 28 paisa per share, compared to income of 2.1 million rupees, or 14 paisa per share, in the year-earlier period.

As of Nov. 9, US$1 was equivalent to 105.47 Pakistani rupees.