Kitex Garments Oct-Dec consolidated PAT falls 56% on year, sales down 52%

Kitex Garments Ltd's consolidated net profit for the December quarter slumped 55.6% on year to 155.39 mln rupees, the company said in an exchange filing today. Revenue from operations for the quarter slumped 51.8% to 1.21 bln rupees. Sequentially, the net profit fell 12.7% and revenue was down 9.2%.