Redco Textiles 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 410.43 million compared to PKR 247.44 million a year ago. Net loss was PKR 22.35 million compared to PKR 38.61 million a year ago. Basic loss per share from continuing operations was PKR 0.45 compared to PKR 0.78 a year ago.
For the six months, sales was PKR 625.5 million compared to PKR 425.28 million a year ago. Net income was PKR 58.65 million compared to net loss of PKR 48.21 million a year ago. Basic earnings per share from continuing operations was PKR 1.19 compared to basic loss per share from continuing operations of PKR 0.98 a year ago.