Filatex Fashions Results: Check profit after tax and other Q2FY23, H1FY23 earnings details
Filatex Fashions Ltd., engaged in the producing and sale of knitted socks, has declared Economical Benefits for quarter and half 12 months ended 30 September, 2022. For the 50 percent 12 months finished 30 September, 2022, the company observed a massive jump of 472% in its revenues YoY, from Rs. 14.24 Cr (H1FY22) to Rs. 81.59 Cr (H1FY23). For the corresponding interval, the enterprise witnessed a multifold jump in its PAT, which grew 6900% YoY, from Rs. .06 Cr (H1FY22) to Rs. 4.60 Cr (H1FY23), an official statement mentioned.
For the quarter finished 30 September, 2022, the enterprise turned financially rewarding YoY, with PAT climbing from a loss of Rs..04 Cr (Q2FY22) to a earnings of Rs. 4.56 Cr (Q2FY23), the assertion added.
Recently, Filatex Fashions experienced announced that it intends to acquire 51% of the Equity Share Funds in Isabella (Pvt.) Restricted, Sri Lanka for a thing to consider of USD 7.55 Mn about. In this regard, the Corporation is in the approach of reaching selected preliminary understandings for the proposed Acquisition/ Membership of Shares of Isabella (Pvt.) Constrained, which is into the enterprise of Production Apparels and relevant Merchandise in Sri Lanka.
Earlier, its board had approved boosting of funds by means of issuance of Foreign Currency Convertible Bonds (FCCBs) not exceeding USD 100 Mn on non-public placement foundation. Also the board has authorised growth and strengthening of the existing Small business – production of high quality quality socks by capacity improvement/ even further modernization/ and growth into output of other garments and allied solutions.
