Redco Textiles Limited reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported sales was PKR 247.44 million compared to PKR 185.67 million a year ago. Net loss was PKR 38.61 million compared to net income of PKR 9.88 million a year ago. Basic loss per share from continuing operations was PKR 0.78 compared to basic earnings per share from continuing operations of PKR 0.2 a year ago.
For the six months, sales was PKR 425.28 million compared to PKR 325.22 million a year ago. Net loss was PKR 48.21 million compared to net income of PKR 23.81 million a year ago. Basic loss per share from continuing operations was PKR 0.98 compared to basic earnings per share from continuing operations of PKR 0.48 a year ago.