Zephyr Textiles Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2017
February 21, 2018
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Zephyr Textiles Ltd. reported earnings results for the second quarter and six months ended December 31, 2017. For the quarter, the company reported sales were PKR 845,175,728 against PKR 872,080,676 a year ago. Operating profit was PKR 37,621,693 against PKR 56,140,737 a year ago. Profit before taxation was PKR 10,720,425 against PKR 26,769,333 a year ago. Profit after tax was PKR 3,813,046 against PKR 21,340,500 a year ago. Earnings per share were PKR 0.06 against PKR 0.36 a year ago.
For the six months, the company reported sales of PKR 1,673,742,805 against PKR 1,711,231,167 a year ago. Operating profit was PKR 80,944,666 against PKR 101,153,226 a year ago. Loss before taxation was PKR 13,164,651 against profit of PKR 39,221,407 a year ago. Loss after tax was PKR 27,139,240 against PKR 28,447,100 a year ago. Loss per share was PKR 0.46 against earnings per share of PKR 0.48 a year ago.
Zephyr Textiles Limited is a Pakistan-based company, which is principally engaged in the manufacturing, dying and trading of woven cloth, which also includes towels. The Companyâs collections include winter collection, blended collection, cotton collection, dobby design collection and kurta collection. Its fabrics are offered in a range of colors and textures. The Companyâs cotton collections include Nafees Cotton, Silver Leaf, Forever, Aragon, Mustang, Oaktree, Desire, Cool Cotton, Apollo, Prime, Allure, Cyrus, Zeus, Coral and others. The Company's blended collections include Moonmist, Blaze, Andaz, Magnum, Optima, Supreme, Calico and Emperor. The Companyâs kurta collections include Rainbow, Festive Collection and Tuscany. Its dobby design collection includes Iconic, Onyx and Atlas. Its winter collections include Falcon, Monoco, Marvel and others.