KARACHI: Interloop Ltd reported earnings of Rs4.96 billion for July-September, up 84 per cent from a year ago.
However, earnings dropped 7pc quarter-on-quarter, according to a stock notice on Tuesday.
Sales totalled Rs30.46bn in the three-month period, up 58pc on an annual basis, owing to the increased utilisation levels of both hosiery and denim segments, said Topline Securities. The exchange rate gain contribution to the revenue was approximately Rs3bn, it added.
The company didn’t announce any dividend.
Maple Leaf earns Rs1.37bn
Maple Leaf Cement Factory Ltd recorded a consolidated profit of Rs1.37bn in the first quarter of 2022-23, up 64.2pc on a year-on-year basis, a stock notice showed on Tuesday.
The company’s top line grew 30pc, thanks to an increase in retention prices, said a note by Insight Securities.
Financial charges increased 80.6pc to clock in at Rs561m owing to an increase in the debt level besides higher interest rates. The company didn’t announce any payout.
Published in Dawn, October 19th, 2022
