Faisal Spinning Mills Limited reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was PKR 10,654.58 million compared to PKR 7,982.11 million a year ago. Net loss was PKR 413.76 million compared to net income of PKR 387.75 million a year ago. Basic loss per share from continuing operations was PKR 41.38 compared to basic earnings per share from continuing operations of PKR 38.77 a year ago.
For the six months, sales was PKR 23,039.52 million compared to PKR 15,806.65 million a year ago. Net loss was PKR 340.44 million compared to net income of PKR 792.81 million a year ago. Basic loss per share from continuing operations was PKR 34.04 compared to basic earnings per share from continuing operations of PKR 79.28 a year ago.