Din Textile Mills Posts Rs 60.518 Million PAT
Din Textile Mills Limited has posted Rs 60.518 million as profit after tax in the year ended June 30, 2016 (FY16) as compared to after tax loss of Rs 200.323 million in the same period in FY15. The company’s earning per shares stood at Rs 2.70 in this period against per share loss of Rs 8.93 in the same period a year ago.
The board of directors of the company in its meeting recommended a final cash dividend for the year at Rs 1.25 per share ie 12.50 percent. According to the financial results, the company’s net sales decreased to Rs 7.602 billion in FY16 against Rs 8.552 billion in FY15 while cost of sales stood at Rs 6.942 billion against Rs 8.126 billion. The company posted Rs 201.128 million as profit before tax against before tax loss of Rs 167.226 million in the same period in FY15.
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