The profit after tax of Nishat Mills Limited has increased to Rs 483.369 million in the quarter ended on September 30 as compared to Rs 425.704 million in the same period last year. The board of directors of the company in its meeting held on Monday declared that the earning per share of the company surged to Rs 3.03 in the period under review against Rs 2.66 in the same period last year.
The Karachi Stock Exchange (KSE) was informed that the company's sales stood at Rs 4.277 billion in this quarter against Rs 4.360 billion in the same period last year. On the other hand, the cost of sales declined to Rs 3.485 billion in the three months period this year against Rs 3.540 billion in the same quarter last year.
The finance cost stood at Rs 177.345 million against Rs 212.675 million. The company's profit before tax surged to Rs 536.369 million in the first quarter of 2008 financial year against Rs 475.990 million in the same quarter in 2007 financial year.