Crescent Fibres Limited reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was PKR 1,691.78 million compared to PKR 2,076.17 million a year ago. Net loss was PKR 147.88 million compared to net income of PKR 141.7 million a year ago. Basic loss per share from continuing operations was PKR 11.91 compared to basic earnings per share from continuing operations of PKR 11.41 a year ago.
For the nine months, sales was PKR 5,247.85 million compared to PKR 6,042.86 million a year ago. Net loss was PKR 141.03 million compared to net income of PKR 550.16 million a year ago. Basic loss per share from continuing operations was PKR 11.36 compared to basic earnings per share from continuing operations of PKR 44.3 a year ago.