Equity Modaraba First reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was PKR 5.83 million compared to negative sales of PKR 0.205311 million a year ago. Net loss was PKR 0.39512 million compared to PKR 6.6 million a year ago. Basic loss per share from continuing operations was PKR 0.008 compared to PKR 0.126 a year ago.
For the six months, sales was PKR 6.28 million compared to PKR 2.54 million a year ago. Net loss was PKR 4.98 million compared to PKR 8.9 million a year ago. Basic loss per share from continuing operations was PKR 0.095 compared to PKR 0.17 a year ago.