Fazal Cloth 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 23,822.57 million compared to PKR 18,023.33 million a year ago. Net income was PKR 54.78 million compared to PKR 549.75 million a year ago. Basic earnings per share from continuing operations was PKR 1.83 compared to PKR 18.33 a year ago.
For the six months, sales was PKR 47,112.35 million compared to PKR 36,491.84 million a year ago. Net income was PKR 614.42 million compared to PKR 1,075.33 million a year ago. Basic earnings per share from continuing operations was PKR 20.48 compared to PKR 35.84 a year ago.