Nishat (Chunian) Limited has posted Rs 85.889 million as after-tax loss in the quarter ended on September 30, 2011 as compared to Rs 477.454 million profit after tax posted in the corresponding quarter in 2010.
The board of directors of the company in its meeting held on Monday declared that the company's loss per share (basic) stood at Re 0.53 in the period under review against earning per share of Rs 3.01 in the same period of last year while loss per share (diluted) stood at Re 0.52 in this period against earning per share of Rs 2.89 in the same period last year.
According to the financial results sent to Karachi Stock Exchange, the company's sales increased to Rs 4.1134 billion in this quarter against Rs 3.820 billion in the same quarter last year. The cost of sales increased to Rs 3.774 billion against Rs 2.893 billion. The company posted Rs 44.709 million as loss before taxation in this quarter against profit before taxation of Rs 515.977 million in the same quarter last year.
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