Azgard 9, Feroze 1888 Mills release financial results

By MG News | February 26, 2018 at 03:49 PM GMT+05:00

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Azgard – 9 Ltd. announced financial results for the half year ending December 31^st, 2017. The company reported Net Sales worth Rs. 7.450 billion during the half year against Rs. 5.940 billion same period last year; up 25.43% from last year.

Nimir Industries Ltd. reported bottom-line losses worth Rs. 1.517 billion with an EPS of 0.00/share.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Half Year Ended, December 31^st 2017
Key Financials	2017	2016	% Change
	Amounts in PKR
Net Sales	7,450,821,654	5,940,360,739	25.43%
Gross Profit	1,137,877,825	779,320,671	46.01%
Profit/(Loss) before Taxation	69,619,391	(126,410,379)
Loss after Taxation	(1,517,628)	(185,181,524)	-99.18%
Loss per share - Basic and diluted	(0.00)	(0.41)

The company release on the financial results can be accessed here.

Feroze 1888 Mills Ltd. announces Financial Results for the half year ending 31^st December, 2017

Feroze 1888 Mills Ltd. today announced financial results for the half year ending December 31^st, 2017. The company reported Net Sales worth Rs. 9.970 billion during the half year against Rs. 8.974 billion same period last year; up 11.09% from last year.

The company reported bottom-line profits worth Rs. 932.053 million with an EPS of 2.47/share.

The Board at the Feroze 1888 Mills approved an interim cash dividend of Rupees 1.20 per share i.e. at 12 percent.

Company notice can be accessed here.

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