KARACHI – For the quarter and half year ended Dec 31, 2014. Nishat Mills Limited announced unconsolidated profit-after-tax (PAT) at Rs1.93 billion, which translated into earnings per share (eps) of Rs5.52, down 49.7 per cent YoY.
This is compared to Rs3.9bn and eps of Rs10.9 in the corresponding half of last year. It posted profits of Rs1.5bn (eps Rs4.4) in 2QFY15, which was 32pc lower than Rs2.3bn (eps Rs6.5) in 2QFY14 while up by 285pc QoQ. The results were generally in line or slightly better than average analysts forecasts.
Revenues of the company declined by 4.9pc to Rs26.7bn in 1HFY15 as compared to Rs28.1bn in the same period last year mainly due to appreciation of rupee against the dollar, an expert said. On consolidated basis, company reported earnings of Rs4.4bn (eps of Rs9.7) in 1HFY15 as compared to Rs5.0bn (eps of Rs12.5) in the same period last year.
Likewise, ORIX announced PAT at Rs321.9 million for the half year ended Dec 31, 2014, representing a growth of 31pc over the PAT at Rs245m in the 1HFY14. Earnings per share rose to Rs3.92 from Rs2.99 in the previous corresponding period. Its revenues rose by 13pc to Rs2.1bn for the half year FY15, which analysts said could be attributed to 22pc increase in business volume.
