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Kohat Textile Mills fiscal Q3 loss widens 93.3% YOY

4911771 said its normalized net income for the fiscal third quarter ended March 31 came to a loss of 1.46 Pakistani rupees per share, compared with a loss of 76 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 30.5 million rupees, compared with a loss of 15.8 million rupees in the prior-year period.

The normalized profit margin dropped to negative 5.3% from negative 2.2% in the year-earlier period.

Total revenue declined 18.8% on an annual basis to 571.1 million rupees from 703.1 million rupees, and total operating expenses declined 15.2% year over year to 599.9 million rupees from 707.2 million rupees.

eported net income totaled a loss of 33.1 million rupees, or a Kohat Textile Mills Ltd.