Earnings Report: Globe Textile Mills (PSX: GLOT) today reported Financial Results for the Nine months ended June 30, 2017
MG News | September 20, 2017 at 12:54 PM GMT+05:00
Globe Textile Mills announced Financial Results for the period ended March 31, 2017.
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.
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