Colony Textile Mills Limited Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended March 31, 2018
April 30, 2018
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Colony Textile Mills Limited announced unaudited earnings results for the third quarter and nine months ended March 31, 2018. For the nine months, the company reported net sales of PKR 11,894,790,000 as compared to PKR 9,529,410,000 reported in the same period a year ago. Operating profit was PKR 672,203,000 as compared to PKR 667,507,000 reported in the same period a year ago. Profit before taxation was PKR 41,013,000 as compared to PKR 98,410,000 a year ago. Loss for the period was PKR 130,421,000 as compared to profit of PKR 2,720,000 reported in the same period a year ago. Basic and diluted loss per share was PKR 0.26 as compared to basic and diluted earnings per share of PKR 0.01 reported in the same period a year ago.
For the quarter, the company reported net sales of PKR 4,505,079,000 as compared to PKR 2,981,706,000 reported in the same period a year ago. Operating profit was PKR 258,647,000 as compared to PKR 200,478,000 reported in the same period a year ago. Profit before taxation was PKR 104,832,000 as compared to PKR 32,273,000 a year ago. Profit for the period was PKR 25,388,000 as compared to PKR 773,000 reported in the same period a year ago. Basic and diluted earnings per share was PKR 0.05 compared to PKR 0.00 per share in the same period a year ago.
Colony Textile Mills Limited is a Pakistan-based company, which is engaged in the production of yarns and fabrics in Pakistan. The principal activity of the Company is manufacturing and sale of yarn, fabric, garments made ups and trading in real estate. Its segments include Spinning and Weaving. The Spinning segment is engaged in the production of different quality of yarn using natural and artificial fibers. The Weaving segment is engaged in the production of different quality of fabric using yarn. Its products under the spinning category include ring spun yarn and open end yarn. Its products under weaving category include Bi-stretches, Broken Twill, Canvas & Poplin, Dobby & Special Weaves, Herringbone, Ottoman, Rip Stop, Satin & Striped Satin, Selvedge Writing, Stretches, Twills & Drills, and fabric. Its stitching products include corporate wear, gilets, hospitality garments and aprons, hunting garments, jackets, pharmacy and health care garments, and rainwear, among others.
COLONY TEXTILE MILLS LIMITED 
