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

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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.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,680.00	77,710.00 77,190.00	-25.00 -0.03%
BRENT CRUDE	105.79	105.83 105.19	0.77 0.73%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-8.75 -7.37%
ROTTERDAM COAL MONTHLY	113.00	113.00 112.80	0.55 0.49%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	99.20	99.28 98.75	0.94 0.96%
SUGAR #11 WORLD	14.76	15.15 14.67	-0.25 -1.67%