trending Market Intelligence /marketintelligence/en/news-insights/trending/jCtSIYxmPnwacPCB4BazDg2 content esgSubNav
In This List

Towellers fiscal Q1 profit climbs YOY


MediaTalk | Season 2
Ep.1: Broadcast's Big Year


Investment Banking Essentials: February 21

Case Study

The informativeness of research reports – Case Study on Real Estate


Where is the Oil and Gas Industry Headed? A look at credit risks in 2024

Towellers fiscal Q1 profit climbs YOY

Towellers Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 amounted to 3.98 Pakistani rupees per share, a gain from 1.80 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 67.6 million rupees, a gain from 30.7 million rupees in the year-earlier period.

The normalized profit margin climbed to 8.5% from 3.9% in the year-earlier period.

Total revenue totaled 795.5 million rupees, compared with 788.8 million rupees in the prior-year period, and total operating expenses declined 6.1% on an annual basis to 696.8 million rupees from 742.3 million rupees.

Reported net income grew from the prior-year period to 99.5 million rupees, or 5.85 rupees per share, from 41.7 million rupees, or 2.45 rupees per share.

As of Oct. 29, US$1 was equivalent to 105.30 Pakistani rupees.