Reliance Cotton Spinning Mills Limited reported audited standalone and consolidated earnings results for the year ended June 30, 2018. For the year, on standalone basis, the company reported revenue of PKR 4,398,017,387 against PKR 3,570,713,354 a year ago. Operating profit before finance cost was PKR 440,019,424 against PKR 279,099,712 a year ago. Profit before taxation was PKR 343,867,234 against PKR 208,039,754 a year ago. Profit for the year was PKR 316,080,539 or PKR 30.71 per basic and diluted share against PKR 190,859,883 or PKR 18.54 per basic and diluted share a year ago. Net cash used in operating activities was PKR 373,482,832 against net cash generated from operating activities of PKR 287,156,553 a year ago. Addition to property, plant and equipment was PKR 194,450,356 against PKR 105,586,717 a year ago.

For the year, on consolidated basis, the company reported revenue of PKR 4,398,017,387 against PKR 3,570,713,354 a year ago. Operating profit before finance cost was PKR 439,041,139 against PKR 266,038,075 a year ago. Profit before taxation was PKR 396,930,206 against PKR 253,791,704 a year ago. Profit for the year attributable to owner of parent was PKR 358,006,395 or PKR 34.78 per basic and diluted share against PKR 228,994,025 or PKR 22.25 per basic and diluted share a year ago.

The company announced a final cash dividend of PKR 6.5 per share for the year ended June 30, 2018. The above entitlement will be paid to the shareholders whose names appear in the register of the members on October 17, 2018.