Corporate results: Gul Ahmed Textile Mills’ detriment increases 7.6%
KARACHI: Gul Ahmed Textile Mills (GATM) – one of a largest combination weave mills in Pakistan – posted a detriment of Rs98 million in a entertain finished Sep 30, adult 7.6% compared to a Rs91 million detriment in a same duration final year, according to a association notice sent to a Pakistan Stock Exchange (PSX).
Loss per share (LPS) somewhat increasing from of Rs0.31 to Rs0.33 in a duration underneath review.
GATM share cost sealed during Rs47.04, down 4% from Rs49.03. The KSE 100-Index sealed during 39,893, adult 20 points or 0.05% on a initial trade day of a week.
The 7.6% year on year boost in detriment comes due to 3 commission points (pps) year-on-year (YoY) contraction in sum margins, potentially overdue to reduce value combined product cost and aloft gas cost given a gas cost was increasing by 5% in Sep final year.
Published in The Express Tribune, Nov 1st, 2016.
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Article source: http://tribune.com.pk/story/1216598/corporate-results-gul-ahmed-textile-mills-loss-increases-7-6/