Redco Textiles Limited reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was PKR 218.8 million compared to PKR 200.86 million a year ago. Net loss was PKR 2.39 million compared to PKR 15.69 million a year ago. Basic loss per share from continuing operations was PKR 0.049 compared to PKR 0.318 a year ago.
For the nine months, sales was PKR 644.08 million compared to PKR 526.08 million a year ago. Net loss was PKR 50.6 million compared to net income of PKR 8.12 million a year ago. Basic loss per share from continuing operations was PKR 1.027 compared to basic earnings per share from continuing operations of PKR 0.165 a year ago.