Ashfaq Textile Mills Limited reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was PKR 124.35 million compared to PKR 103.36 million a year ago. Net loss was PKR 6.34 million compared to PKR 24.33 million a year ago. Basic loss per share from continuing operations was PKR 0.136 compared to PKR 0.5073 a year ago.
For the six months, sales was PKR 219.22 million compared to PKR 214.5 million a year ago. Net loss was PKR 35.26 million compared to PKR 21.59 million a year ago. Basic loss per share from continuing operations was PKR 0.757 compared to PKR 0.45 a year ago.