Corporate Results Roundup: Most of the companies report losses in 1QFY19

January 29, 2019 (MLN): Several companies have issued their financial earnings report for the three months ended December 31, 2018. Most of the companies landed in loss for the 1QFY19 on account of companies’ inability to control both core and non-core expenses, while other reported profits.

Khyber Textile Mills limited reported its substantial recovery for the quarter ended September 30^th 2017 after incurring losses in the corresponding period last year. The company’s profit after tax clocked in at Rs 1.09 million.

On the contrary, Fauji Foods Limited (FFL) reported its loss after tax for the year ended December 31^st 2018 clocked in at Rs 2.8 bln, depicting an increase of 24% YoY. The company exhibited its loss per share at Rs 5.39.

Whereas, Khairpur Sugar Mills Limited’s loss after tax declined by 65% YoY for the quarter ended on December 31^st 2018 and recorded at Rs. 41.8 mln with loss per share at Rs. 2.61.

Moreover, JDW Sugar Mills Limited reported its loss after tax for the 1^st quarter ended on December 31^st locked in at Rs.4.7 bln, demonstrating a small increase of 0.3% YoY with loss per share at Rs. 5.91.

Likewise, Al-Noor Sugar Mills Ltd’s loss for the quarter ended on December 31^st 2018 declined by 41.6% to Rs.152.9 mln as compared to the same period last year with loss per share recorded at Rs.7.47.

On the other hand, Pakistan Cables Ltd’s profits for 1HFY19 dipped by 35.7% to Rs 116.4 mln as compared to the corresponding period last year with earning per share recorded at Rs 3.31.

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