trending Market Intelligence /marketintelligence/en/news-insights/trending/wevBY7V1V5ZhSVN52qGixQ2 content esgSubNav
In This List

Artistic Denim Mills fiscal Q2 profit falls 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

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Artistic Denim Mills fiscal Q2 profit falls YOY

Artistic Denim Mills Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, came to 1.41 Pakistani rupees per share, a decline of 6.1% from 1.50 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 118.1 million rupees, a decrease of 6.2% from 125.8 million rupees in the year-earlier period.

The normalized profit margin fell to 6.8% from 10.8% in the year-earlier period.

Total revenue rose 48.5% year over year to 1.73 billion rupees from 1.16 billion rupees, and total operating expenses increased 61.5% year over year to 1.48 billion rupees from 914.5 million rupees.

Reported net income decreased 6.1% on an annual basis to 181.1 million rupees, or 2.16 rupees per share, from 193.0 million rupees, or 2.30 rupees per share.

As of Feb. 18, US$1 was equivalent to 101.53 Pakistani rupees.