Faran Sugar Mills Limited reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported sales was PKR 2,449.2 million compared to PKR 1,167.95 million a year ago. Net income was PKR 305.25 million compared to PKR 1.2 million a year ago. Basic earnings per share from continuing operations was PKR 12.21 compared to PKR 0.05 a year ago.
For the nine months, sales was PKR 6,277.15 million compared to PKR 4,955.74 million a year ago. Net income was PKR 696.32 million compared to PKR 249.84 million a year ago. Basic earnings per share from continuing operations was PKR 27.84 compared to PKR 9.99 a year ago.