Shahzad 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 2,284.44 million compared to PKR 2,372.73 million a year ago. Net loss was PKR 68.72 million compared to net income of PKR 78.72 million a year ago. Basic loss per share from continuing operations was PKR 3.83 compared to basic earnings per share from continuing operations of PKR 4.38 a year ago.
For the nine months, sales was PKR 5,981.34 million compared to PKR 6,816.65 million a year ago. Net loss was PKR 145.32 million compared to net income of PKR 372.5 million a year ago. Basic loss per share from continuing operations was PKR 8.09 compared to basic earnings per share from continuing operations of PKR 20.73 a year ago.