trending Market Intelligence /marketintelligence/en/news-insights/trending/JcZZp_Y2AA1mER-4ifvdwA2 content esgSubNav
In This List

Shahtaj Textile fiscal Q3 profit climbs YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Shahtaj Textile fiscal Q3 profit climbs YOY

Shahtaj Textile Ltd. said its normalized net income for the fiscal third quarter ended March 31 amounted to 3.56 Pakistani rupees per share, a gain from 96 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 34.4 million rupees, an increase from 9.3 million rupees in the prior-year period.

The normalized profit margin increased to 4.0% from 1.0% in the year-earlier period.

Total revenue fell 7.9% on an annual basis to 865.8 million rupees from 940.1 million rupees, and total operating expenses fell 12.4% on an annual basis to 795.2 million rupees from 907.9 million rupees.

Reported net income grew year over year to 58.2 million rupees, or 6.02 rupees per share, from 10.6 million rupees, or 1.09 rupees per share.

As of April 30, US$1 was equivalent to 101.69 Pakistani rupees.