Corporate Result: Nishat Mills reports Earnings of Rs. 10.03 in 2QFY19

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Nishat Mills Limited (NML) has announced its financial results for the Half year ended December 31st, 2019, wherein the company posted net profits of Rs 4.75 Bn which was 0.16% higher than the profits of Rs 4.74 billion earned in 2018.

This translated into Earning per share which declined from Rs 10.84 per share to Rs 10.03 per share during year.

The decline in the Company’s profitability was mainly attributable to higher Cost of Sales, Administrative Expenses, higher Finance cost and increased other Expenses during the operating year.

Net revenue of the company grew by paltry 7%YoY worth Rs. 49.9 Bn.

NML – HALF YEAR

Quarter ended

EPS 2019 = 5.36 PKR
EPS 2018 = 6.27 PKR

Half Year Ended

EPS 2019 = 10.03 PKR
EPS 2018 = 10.84 PKR

Cash Dividend = NIL
Bonus Share = NIL