Nagina Cotton Mills Limited Announces Earnings Results for the Second Quarter and Six Months Ended December 31, 2017
February 22, 2018 at 12:08 pm EST
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Nagina Cotton Mills Limited announced earnings results for the second quarter and six months ended December 31, 2017. For the quarter, the company reported sales of PKR 1,548,194,658 against PKR 1,401,328,755 a year ago. Operating profit was PKR 62,981,735 against PKR 51,935,669 a year ago. Profit before taxation was PKR 37,467,865 against PKR 37,170,818 a year ago. Profit after taxation was PKR 20,877,728 against PKR 22,798,721 a year ago. Basic and diluted per share was PKR 1.22 against PKR 1.22 a year ago.
For the half year, the company reported sales of PKR 188,457,047 against PKR 2,676,346,245 a year ago. Operating profit was PKR 95,557,546 against PKR 97,642,201 a year ago. Profit before taxation was PKR 52,076,285 against PKR 70,041,025 a year ago. Profit after taxation was PKR 21,441,486 against PKR 41,326,835 a year ago. Basic and diluted per share was PKR 1.15 against PKR 2.21 a year ago.
Nagina Cotton Mills Limited is a Pakistan-based company. The Company is engaged in the manufacture and sale of yarn. It is a manufacturer, producers, importers, exporters, stockiest and otherwise dealers in raw cotton, natural and/or man-made fibers, yarn, cloth and fabrics, hosiery, garments, towels and other made ups. Its products include 6/1 to 32/1 carded cotton yarns under the brand name Sweet Pea; 10/1 to 50/1, combed cotton yarns under the brand name Sweet Pea; Core yarns with Lycra from Dupont, Spandex from Cerora, count ranges from 7/1 to 40/1 for both carded and combed yarns in a variety of deniers; 20/2, 24/2, 30/2, 40/2, carded and combed yarns under the brand Angothi, and ring plain, compact yarns, Siro yarns, slub yarns, Siro slub yarns, multicount yarn, core yarn with slub from computer-assisted facilities. The Company's manufacturing facilities are located in Kotri Industrial Trading Estate in the province of Sindh, with a measuring area of approximately 20.75 acres.
NAGINA COTTON MILLS LIMITED 
