The profit after tax of Nishat (Chunian) Limited has increased to Rs 477.454 million in the quarter ended September 30, 2010 as compared to Rs 89.665 million earned in the corresponding quarter in 2009.
The board of directors of the company in its meeting held on Thursday declared that the company's earning per share (basic) has increased to Rs 3.01 in the period under review against Rs 1.08 in the same period last year while earning per share (diluted) increased to Rs 2.89 against Re 0.72.
According to the financial results sent to Karachi Stock Exchange (KSE), the company's sales increased to Rs 3.820 billion in this quarter against Rs 2.855 billion in the same quarter last year. The cost of sales increased to Rs 2.893 billion against Rs 2.380 billion. The company's profit before taxation increased to Rs 515.977 million in this period against Rs 117.665 million in the same period last year.
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