Saif Textile 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 PKR 2,786.01 million compared to PKR 3,046.06 million a year ago. Net loss was PKR 293.71 million compared to net income of PKR 108.47 million a year ago. Basic loss per share from continuing operations was PKR 11.12 compared to basic earnings per share from continuing operations of PKR 4.11 a year ago.
For the nine months, sales was PKR 8,336.68 million compared to PKR 9,057.12 million a year ago. Net loss was PKR 825.26 million compared to net income of PKR 481.3 million a year ago. Basic loss per share from continuing operations was PKR 31.24 compared to basic earnings per share from continuing operations of PKR 18.22 a year ago.