Al-Abid Silk Mills Limited reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported net loss was PKR 14.43 million compared to PKR 39.25 million a year ago. Basic loss per share from continuing operations was PKR 1.08 compared to PKR 2.93 a year ago.
For the six months, net loss was PKR 62.36 million compared to PKR 81.17 million a year ago. Basic loss per share from continuing operations was PKR 4.65 compared to PKR 6.05 a year ago.