trending Market Intelligence /marketintelligence/en/news-insights/trending/Qj_LYNVGcLHXLsdiIdqBWA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Dewan Farooque Spinning Mills fiscal Q3 loss widens YOY

Mining Exploration Insights – September 2020

Amid Pandemic, Airlines Forge a New Survival Metric: Daily Cash Burn

Industries Most and Least Impacted by COVID-19 from a Probability of Default Perspective – September 2020 Update

Complying with International Financial Reporting Standard IFRS 9


Dewan Farooque Spinning Mills fiscal Q3 loss widens YOY

Dewan Farooque Spinning Mills Ltd. said its normalized net income for the fiscal third quarter ended March 31 came to a loss of 16 Pakistani paisa per share, compared with a loss of 8 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 15.5 million rupees, compared with a loss of 7.4 million rupees in the year-earlier period.

The normalized profit margin fell to negative 4.6% from negative 1.8% in the year-earlier period.

Total revenue fell 19.4% on an annual basis to 338.1 million rupees from 419.7 million rupees, and total operating expenses decreased 16.1% from the prior-year period to 350.9 million rupees from 418.1 million rupees.

Reported net income totaled a loss of 25.2 million rupees, or a loss of 26 paisa per share, compared to a loss of 15.3 million rupees, or a loss of 16 paisa per share, in the year-earlier period.

As of May 19, US$1 was equivalent to 101.86 Pakistani rupees.