Dewan Farooque Spinning Mills 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 164.77 million compared to PKR 169.88 million a year ago. Net loss was PKR 61.3 million compared to PKR 48.21 million a year ago. Basic loss per share from continuing operations was PKR 0.63 compared to PKR 0.49 a year ago.
For the nine months, sales was PKR 496.01 million compared to PKR 504.37 million a year ago. Net loss was PKR 214.86 million compared to PKR 132.23 million a year ago. Basic loss per share from continuing operations was PKR 2.2 compared to PKR 1.35 a year ago.