Indus dyeing and Manufacturing Company posted handsome earnings growth of 19% for the quarter ended on September 2013. PHOTO: FILE
Indus dyeing and Manufacturing Company on Friday posted handsome earnings growth of 19% for the quarter ended on September 2013.
The net profit of the company jumped to Rs577 million or per share earnings of Rs31.9, compared with a profit of Rs485 million or per share earnings of Rs26.8 in the same quarter last year.
“With stable cotton prices, the textile sector in general and Indus Dyeing in particular is going to earn good profits in the ongoing fiscal year,” Summit Capital Analyst Sarfaraz Abbasi said on Friday.
With its head office in Karachi, Indus Group’s annual turnover is over $70 million with two publicly listed companies and two private limited companies.
Published in The Express Tribune, November 2nd, 2013.
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