Ghani Automobile Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2018
Ghani Automobile Industries Limited reported earnings results for the third quarter and nine months ended March 31, 2018. For the quarter, the company reported sales-net of PKR 50,885,098 compared to PKR 35,603,696 a year ago. Operating loss was PKR 2,008,088 compared to PKR 7,182,381 a year ago. Loss before taxation was PKR 1,099,226 compared to PKR 6,638,020 a year ago. Loss after taxation was PKR 1,924,875 or PKR 0.04 per basic share compared to PKR 6,638,020 or PKR 0.13 per basic share a year ago.
For the nine months, the company reported sales-net of PKR 145,287,138 compared to PKR 87,954,380 a year ago. Operating loss was PKR 21,258,782 compared to PKR 25,654,279 a year ago. Loss before taxation was PKR 3,989,218 compared to PKR 7,921,622 a year ago. Loss after taxation was PKR 4,814,867 or PKR 0.10 per basic share compared to PKR 34,687,434 or PKR 0.69 per basic share a year ago.