AKM Lace and Embrotex announced its financial results for the HY2 of FY19-20.

Company : A & M Febcon Ltd

AKM Lace and Embrotex declared its financial result for the period ended 31.03.2020 marking a shrink in revenue margins as compared to a year ago period.

Following are the HY2 financials at AKM Lace and Embrotex in FY19-20:

• Revenue was Rs.1.93 crore as against Rs.5.66 crore in previous year same period.

• Net loss for the half year was Rs.23.28 lacs as against post tax profit of Rs.6.52 lacs in previous year corresponding period.

• Loss per share for the half year was Rs.0.77 as against EPS of Rs.0.22 per share in previous year corresponding period.

The total earnings at AKM Lace and Embrotex in the financial year 2019-20 was Rs.2.24 crorewhereas preceding year it was Rs.7.83 crore. Loss after tax in FY19-20 was Rs.20.02 lacs against PAT of 2.42 lacs a year ago.

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