Monday, 21 May 2018

Kitex Garments stock down 18% on weak Q4 numbers

Kitex Garments’ shares fell nearly 18% on Monday after the company announced its fourth quarter results for FY18 on Friday, May 18. The company’s revenue for the quarter declined 26% yoy to Rs131cr, while EBITDA stood at Rs18.2cr, down 61.8% yoy.


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