The profit after tax (unconsolidated) of Nishat Mills Limited has increased to Rs 1,423.513 million in the quarter ended March 31, 2011 as compared to Rs 800.183 million earned in the corresponding period in 2010. The board of directors of the company, in its meeting held on Thursday, declared that the company's earning per share has increased to Rs 4.05 in the period under review against Rs 3.02 in the same period last year.
On cumulative basis, the company's profit after tax increased to Rs 3.481 billion translating into earning per share of Rs 9.90 in the nine-month period ended March 31, 2011 against a net profit of Rs 1.810 billion with per share earning of Rs 6.84 in the same period a year back.
According to the financial results sent to Karachi Stock Exchange, the company's sales increased to 13.519 billion in three month period ended March 31, 2011 against Rs 8.176 billion in the same period last year, while the cost of sales increased to Rs 11.062 billion against Rs 6.589 billion. Its other operating income increased to Rs 477.541 million against Rs 222.577 million. The company's profit before taxation increased to Rs 1,589.013 million in this quarter as compared to Rs 904.683 million earned in the same quarter last year.
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