Kohinoor Spinning Mills Limited Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended March 31, 2018
Kohinoor Spinning Mills Limited reported unaudited earnings results for the third quarter and nine months ended March 31, 2018. For the quarter, the company reported sales-net of PKR 876,078,884 compared to PKR 689,141,436 a year ago. Operating loss was PKR 69,742,647 compared to PKR 83,142,386 a year ago. Loss before taxation was PKR 106,180,696 compared to PKR 121,843,215 a year ago. Loss after taxation was PKR 117,131,682 or PKR 0.54 per basic share compared to PKR 121,843,215 or PKR 0.94 per basic share a year ago.
For the nine months, the company reported sales-net of PKR 2,264,061,865 compared to PKR 1,531,409,256 a year ago. Operating loss was PKR 149,204,667 compared to PKR 269,482,778 a year ago. Loss before taxation was PKR 261,371,737 compared to PKR 388,381,113 a year ago. Loss after taxation was PKR 289,672,510 or PKR 1.34 per basic share compared to PKR 388,479,107 or PKR 2.99 per basic share a year ago.