Ellcot Spinning Mills 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 2,896.34 million compared to PKR 2,925.96 million a year ago. Net income was PKR 112.17 million compared to PKR 361.26 million a year ago. Basic earnings per share from continuing operations was PKR 10.24 compared to PKR 32.99 a year ago.
For the nine months, sales was PKR 8,633.48 million compared to PKR 7,923.05 million a year ago. Net income was PKR 334.92 million compared to PKR 1,185.24 million a year ago. Basic earnings per share from continuing operations was PKR 30.59 compared to PKR 108.24 a year ago.