Huffaz Seamless Pipe Industries Limited reported earnings results for the third quarter and nine months ended March 31, 2015. For the nine months, the company reported net loss for the period of PKR 19,263,000 or PKR 0.35 per share compared to PKR 36,422,000 or PKR 0.66 per basic and diluted share, a year ago. Net sales were PKR 1.4 billion compared to PKR 872.3 million a year ago. Loss before taxation was PKR 31.8 million compared to PKR 49.7 million a year ago.

For the quarter, the company reported net loss for the period of PKR 20,762,000 or PKR 0.37 per share compared to net profit for the period of PKR 2,147,000, a year ago. Net sales were PKR 379.7 million compared to PKR 305.7 million a year ago. Loss before taxation was PKR 32.1 million compared to PKR 4.9 million a year ago.