Shams Textile 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 2,122.25 million compared to PKR 1,403.08 million a year ago. Net income was PKR 2.9 million compared to net loss of PKR 22.56 million a year ago. Basic earnings per share from continuing operations was PKR 0.34 compared to basic loss per share from continuing operations of PKR 2.61 a year ago.
For the nine months, sales was PKR 5,386.39 million compared to PKR 2,118.15 million a year ago. Net income was PKR 36.4 million compared to net loss of PKR 117.9 million a year ago. Basic earnings per share from continuing operations was PKR 4.21 compared to basic loss per share from continuing operations of PKR 13.65 a year ago.