Asim Textile Mills 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 29.65 million compared to PKR 658.71 million a year ago. Net loss was PKR 16.39 million compared to net income of PKR 16.28 million a year ago. Basic loss per share from continuing operations was PKR 1.08 compared to basic earnings per share from continuing operations of PKR 1.07 a year ago.
For the six months, sales was PKR 314.57 million compared to PKR 1,124.92 million a year ago. Net loss was PKR 10.4 million compared to net income of PKR 39 million a year ago. Basic loss per share from continuing operations was PKR 0.69 compared to basic earnings per share from continuing operations of PKR 2.57 a year ago.