Fazal Cloth Mills Limited Announces Unconsolidated and Consolidated Earnings Results for the Year Ended June 30, 2018
October 06, 2018 at 01:57 am IST
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Fazal Cloth Mills Limited announced unconsolidated and consolidated earnings results for the year ended June 30, 2018. For the year, on unconsolidated basis, the company reported sales - net of PKR 31,288,368,918 compared to PKR 26,361,226,748 a year ago. Profit from operations was PKR 2,575,683,738 compared to PKR 1,470,197,568 a year ago. Profit before taxation was PKR 1,441,201,972 compared to PKR 591,408,045 a year ago. Profit after taxation was PKR 1,213,505,070 compared to PKR 388,286,516 a year ago. Earnings per share was PKR 40.45 compared to PKR 12.94 a year ago.
On consolidated basis, the company reported sales- net PKR 33,345,188,767 compared to PKR 30,145,613,546 a year ago. Profit from operations was PKR 2,942,129,351 compared to PKR 1'787,268,430 a year ago. Profit before taxation was PKR 1,534,749,587 compare to PKR 708,644,600 a year ago. Profit after taxation was PKR 1,276,527,213 compared to PKR 454,970,224 a year ago. Profit attributable to equity holders of the holding company was PKR 1,276,527,213 compared to PKR 454,970,224 a year ago. Earnings per share was PKR 42.55 compared to PKR 15.17 a year ago.
Fazal Cloth Mills Limited is engaged in the manufacturing and sale of yarn and fabric. The Company operates through two segments: Spinning segment, and Weaving segment. The Spinning segment is engaged in the manufacturing and sale of yarn. The Weaving segment is engaged in the manufacturing and sale of fabric. Its count range is from Ne 4/1 - Ne 80/1 in carded, combed, compact, core spun, Multitwist / Multicount / Slub, Double and Zero Twist Yarns. These yarns are produced with cotton, rayon, polyester cotton, modal cotton and bamboo cotton fair trade cotton fibers. It also produces certified SUPIMA, ORGANIC, GIZA, BCI, Cleaner Cotton, LYCRA, USA Cotton, MVS Melange Yarns and Fabric. The Company produces weaving products, such as twills, satins/stripe satins/sateen, percales, sheeting, structural fabrics, industrial fabrics, work wear, poplin/canvas/matt and stretch twill/poplin/satin, among others.
FAZAL CLOTH MILLS LIMITED 
