Towellers Limited Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended March 31, 2018
April 25, 2018
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Towellers Limited reported unaudited earnings results for the third quarter and nine months ended March 31, 2018. For the quarter, the company reported net sales of PKR 428,560,569 compared to PKR 501,347,798 a year ago. Loss from operations was PKR 56,428,037 compared to profit of PKR 2,780,804 a year ago. Loss before taxation was PKR 61,511,722 compared to profit of PKR 3,269,339 a year ago. Loss for the period was PKR 68,630,681 or PKR 4.04 per basic and diluted share compared to PKR 2,423,387 or PKR 0.14 per basic and diluted share a year ago.
For the nine months, the company reported net sales of PKR 1,819,109,909 compared to PKR 1,986,303,966 a year ago. Loss from operations was PKR 44,644,163 compared to profit of PKR 113,256,009 a year ago. Profit before taxation was PKR 185,082,294 compared to PKR 119,608,158 a year ago. Profit for the period was PKR 165,456,757 or PKR 9.73 per basic and diluted share compared to PKR 99,070,166 or PKR 5.83 per basic and diluted share a year ago.
Towellers Limited is a Pakistan-based company that is engaged in the manufacturing and exporting of textile made ups, garments and towels. The Company's products include towels, apparel, bedding and baby products. Its capabilities include dobby and cam border towels, hemmed towels, custom-weaved jacquard towels, and embroidered, printed, yarn-dyed, and plain towels. The Company offers institutional and retail towels. It is a terry exporter in Pakistan. The Company is engaged in manufacturing knitwear apparel. Its apparel division can manufacture a diverse range of products from basic lines to washed and embellished value-added collections with a socially compliant unit, certified by various retailers. Its knitting capabilities in circular knits include interlock, jersey, pique, French terry, two-end, and three-end fleece, and yarn-dyed feeder stripes. The Company's baby product range includes sleep crib-fitted sheets, throws, and swaddle sets along with baby blankets and hooded towels.
TOWELLERS LIMITED 
