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  • Gul Ahmed announces 67% growth in quarterly profit

    Gul Ahmed announces 67% growth in quarterly profit

    KARACHI: Gul Ahmed Textile Mills Ltd. (GATM) on Friday declared over 67 per cent growth in after tax profit for the quarter ended September 30, 2021.

    According to the financial results shared with the Pakistan Stock Exchange, the textile unit declared Rs1.167 billion as profit after tax for the first quarter (July – September) 2021 as compared with profit after tax of Rs697 million in the same quarter of the last fiscal year.

    The company declared earnings per share at Rs2.73 for the period under review as compared with Rs1.63 in the same period of the last fiscal year.

    The sales of the company increased to Rs24.64 billion during the quarter ended September 30, 2021 as compared with Rs20.32 billion in the same quarter of the last year.

    The textile unit declared gross profit at Rs5.04 billion for July-September 2021 as compared with Rs3.69 billion in the corresponding period of the last fiscal year.

    The board of directors of Gul Ahmed Textile Mills Limited in its meeting held on October 28, 2021 approved the financial results. The board has not recommended any cash dividend, bonus shares or right shares.

    Gul Ahmed Textile declares 4-time increase in net profit during nine months
  • Gul Ahmed Textile declares 4-time increase in net profit during nine months

    Gul Ahmed Textile declares 4-time increase in net profit during nine months

    KARACHI: Gul Ahmed Textile Mills Ltd. (GATM) on Wednesday declared unprecedented four-time growth in after tax profit for the nine-month period ended March 31, 2021.

    According to the financial results, the textile unit declared Rs3.45 billion as profit after tax for the period July – March 2020/2021 as compared with profit after tax of Rs699 million in the same period of the last fiscal year.

    The company declared earnings per share at Rs8.08 for the period under review as compared with Rs1.64 in the same period of the last fiscal year.

    The sales of the company increased to Rs63.57 billion during the nine-month period ended March 31, 2021 as compared with Rs44.89 billion in the same period of the last year.

    The textile unit declared gross profit at Rs12.3 billion for first nine months of the current fiscal year as compared with Rs8.12 billion in the corresponding period of the last fiscal year.

    Gul Ahmed Textile Mills Limited announced an interim cash dividend for the nine months ended March 31, 2021 at Re1 per share i.e. 10 percent. It also declared bonus share in proportion of one share of every five shares held i.e. 20 percent.

  • Gul Ahmed Textile Mills declares 64.35 percent quarterly growth in net profit

    Gul Ahmed Textile Mills declares 64.35 percent quarterly growth in net profit

    KARACHI: Gul Ahmed Textile Mills Limited has reported a remarkable profit growth of 64.35 percent after tax for the quarter ended September 30, 2020.

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