Fazal Cloth Mills Limited Announces Unconsolidated and Consolidated Earnings Results for the First Quarter Ended September 30, 2018
November 05, 2018 at 04:49 am EST
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Fazal Cloth Mills Limited announced unconsolidated and consolidated earnings results for the first quarter ended September 30, 2018. For the quarter, on unconsolidated basis, the company reported sales - net of PKR 7,444,470,350 compared to PKR 7,564,005,693 a year ago. Profit from operations was PKR 820,882,598 compared to PKR 487,557,395 a year ago. Profit after taxation was PKR 377,195,333 compared to PKR 149,811,062 a year ago. Earnings per share basic and diluted were PKR 12.57 compared to PKR 4.99 a year ago.
On consolidated basis, the company reported sales- net PKR 8,392,641,878 compared to PKR 8,171,820,252 a year ago. Profit from operations was PKR 1,026,745,529 compared to PKR 610,062,286 a year ago. Profit after taxation was PKR 474,100,136 compared to PKR 199,435,394 a year ago. Earnings per share basic and diluted were PKR 42.55 compared to PKR 6.65 a year ago.
Fazal Cloth Mills Limited is engaged in the manufacturing and sale of yarn and fabric. The Company operates through two segments: Spinning segment, and Weaving segment. The Spinning segment is engaged in the manufacturing and sale of yarn. The Weaving segment is engaged in the manufacturing and sale of fabric. Its count range is from Ne 4/1 - Ne 80/1 in carded, combed, compact, core spun, Multitwist / Multicount / Slub, Double and Zero Twist Yarns. These yarns are produced with cotton, rayon, polyester cotton, modal cotton and bamboo cotton fair trade cotton fibers. It also produces certified SUPIMA, ORGANIC, GIZA, BCI, Cleaner Cotton, LYCRA, USA Cotton, MVS Melange Yarns and Fabric. The Company produces weaving products, such as twills, satins/stripe satins/sateen, percales, sheeting, structural fabrics, industrial fabrics, work wear, poplin/canvas/matt and stretch twill/poplin/satin, among others.
FAZAL CLOTH MILLS LIMITED 
