Saritow Spinning Mills 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 890.55 million compared to PKR 1,205.75 million a year ago. Net loss was PKR 118.75 million compared to net income of PKR 1.56 million a year ago. Basic loss per share from continuing operations was PKR 3.98 compared to basic earnings per share from continuing operations of PKR 0.05 a year ago.
For the six months, sales was PKR 2,137.4 million compared to PKR 2,122.66 million a year ago. Net loss was PKR 181.32 million compared to net income of PKR 52.85 million a year ago. Basic loss per share from continuing operations was PKR 6.08 compared to basic earnings per share from continuing operations of PKR 1.77 a year ago.