The Premier Sugar Mills & Distillery Company Limited reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported sales was PKR 6,688.2 million compared to PKR 7,357.52 million a year ago. Revenue was PKR 6,064.24 million compared to PKR 6,555.41 million a year ago. Net loss was PKR 382.94 million compared to net income of PKR 39.46 million a year ago. Basic loss per share from continuing operations was PKR 49.74 compared to basic earnings per share from continuing operations of PKR 10.75 a year ago.
For the nine months, sales was PKR 20,256.65 million compared to PKR 15,583.03 million a year ago. Revenue was PKR 18,361.13 million compared to PKR 13,871.23 million a year ago. Net income was PKR 134.65 million compared to PKR 2.94 million a year ago. Basic earnings per share from continuing operations was PKR 17.36 compared to basic loss per share from continuing operations of PKR 20.67 a year ago.