Amreli Steels 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 11,666.94 million compared to PKR 15,915.68 million a year ago. Net income was PKR 475.71 million compared to PKR 530.57 million a year ago. Basic earnings per share from continuing operations was PKR 1.6 compared to PKR 1.79 a year ago.
For the nine months, sales was PKR 34,697.82 million compared to PKR 42,537.22 million a year ago. Net income was PKR 290.97 million compared to PKR 1,834.05 million a year ago. Basic earnings per share from continuing operations was PKR 0.98 compared to PKR 6.18 a year ago.