Increased costs hamper shoe company profits in Pakistan
13/11/2018
Service Industries Limited (SIL) achieved revenues of almost $130 million between January and September 2018, an increase of 11% compared to the same months last year, although its consolidated revenues fell by 18.5% to around $3.8 million. It said higher distribution and administration costs had hampered profits.
For its part, Bata Pakistan reported revenues of a little under $90 million for the nine-month period, an increase of 6% compared to the same months last year. Its earnings on this figure were $5.9 million. It, too, said its profits had been affected by increased costs.
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