Safko Spinning Mills Limited reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was BDT 4.58 million compared to BDT 72.69 million a year ago. Net loss was BDT 117.57 million compared to BDT 16.62 million a year ago. Basic loss per share from continuing operations was BDT 3.92 compared to BDT 0.55 a year ago.
For the nine months, sales was BDT 39.26 million compared to BDT 313.2 million a year ago. Net loss was BDT 341.17 million compared to BDT 76.52 million a year ago. Basic loss per share from continuing operations was BDT 11.38 compared to BDT 2.55 a year ago.