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

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)