Malek 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 BDT 3,487.01 million compared to BDT 4,669.18 million a year ago. Net loss was BDT 356.91 million compared to net income of BDT 200.87 million a year ago. Basic loss per share from continuing operations was BDT 1.81 compared to basic earnings per share from continuing operations of BDT 1.03 a year ago.
For the nine months, sales was BDT 12,917.98 million compared to BDT 14,027.3 million a year ago. Net loss was BDT 224.27 million compared to net income of BDT 565.49 million a year ago. Basic loss per share from continuing operations was BDT 1.13 compared to basic earnings per share from continuing operations of BDT 2.91 a year ago.