Elahi Cotton 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 224,913.9 million compared to PKR 200,511.32 million a year ago. Net loss was PKR 7,278.76 million compared to PKR 850.77 million a year ago. Basic loss per share from continuing operations was PKR 5.6 compared to PKR 0.65 a year ago. Diluted loss per share from continuing operations was PKR 5.6 compared to PKR 0.65 a year ago.
For the six months, sales was PKR 474,758.4 million compared to PKR 363,090.46 million a year ago. Net loss was PKR 4,112.57 million compared to PKR 7,678.79 million a year ago. Basic loss per share from continuing operations was PKR 3.16 compared to PKR 5.9 a year ago. Diluted loss per share from continuing operations was PKR 3.16 compared to PKR 5.9 a year ago.