Amreli Steels Limited reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported sales was PKR 13,211.02 million compared to PKR 14,777.84 million a year ago. Net loss was PKR 388.81 million compared to net income of PKR 601.63 million a year ago. Basic loss per share from continuing operations was PKR 1.31 compared to basic earnings per share from continuing operations of PKR 2.03 a year ago.
For the six months, sales was PKR 23,030.88 million compared to PKR 26,621.54 million a year ago. Net loss was PKR 184.74 million compared to net income of PKR 1,303.48 million a year ago. Basic loss per share from continuing operations was PKR 0.62 compared to basic earnings per share from continuing operations of PKR 4.39 a year ago.