Earnings Report: Globe Textile Mills (PSX: GLOT) today reported Financial Results for the Nine months ended June 30, 2017

Globe Textile Mills announced Financial Results for the period ended March 312017.

The company’s Sales for the period were nil in the outgoing year, whereas the suffered humongous losses.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For Nine Months Ended

Key Financials

March 31, 2017

March 31, 2016

% Change

 

Amounts in PKR ‘000

Sales

 

Fixed Overheads

(1,200)

(9,983)

-87.98%

Gross Loss

(1,200)

(9,983)

 

Operating Expenses

(528)

(2,618)

-79.83%

Operating Loss

(1,728)

(12,601)

 

Financial and Other Operating Expenses

(1,728)

(12,602)

-86.29%

Other Income

235

802

-70.70%

Net (Loss) Before Taxation

(1,493)

(11,800)

 

Provision for Taxation

 

Net (Loss) after Taxation

(1,493)

(11,800)

 

Net (Loss) per Share

(0.09)

(0.72)

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-09-20T12:54:00+05:00