Saritow 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 PKR 139.16 million compared to PKR 622.75 million a year ago. Net loss was PKR 69.08 million compared to PKR 79.65 million a year ago. Basic loss per share from continuing operations was PKR 2.32 compared to PKR 2.67 a year ago. Diluted loss per share from continuing operations was PKR 2.32 compared to PKR 2.67 a year ago.
For the nine months, sales was PKR 2,126.87 million compared to PKR 2,760.16 million a year ago. Net loss was PKR 422.18 million compared to PKR 260.97 million a year ago. Basic loss per share from continuing operations was PKR 14.15 compared to PKR 8.75 a year ago. Diluted loss per share from continuing operations was PKR 14.15 compared to PKR 8.75 a year ago.