Island Textile Mills Limited announced earnings results for the year ended June 30, 2016. For the year, the company reported sales-net of PKR 4,247,958,097 against PKR 1,998,352,510 a year ago. Share of loss from associates-net of tax was PKR 46,990,857 against share of loss from associates-net of tax PKR 15,941,892 a year ago. Loss before taxation was PKR 384,568,192 against loss before taxation of PKR 25,796,448 a year ago. Loss for the year was PKR 217,990,152 against loss of PKR 57,317,373 a year ago. Loss per share-basic and diluted was PKR 435.98 against basic and diluted earnings per share of PKR 114.63 a year ago.