Fazal Cloth 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 20,116.62 million compared to PKR 18,907.62 million a year ago. Net loss was PKR 541.85 million compared to net income of PKR 1,707.68 million a year ago. Basic loss per share from continuing operations was PKR 18.06 compared to basic earnings per share from continuing operations of PKR 56.92 a year ago.
For the nine months, sales was PKR 56,608.46 million compared to PKR 47,608.57 million a year ago. Net income was PKR 533.47 million compared to PKR 4,846.81 million a year ago. Basic earnings per share from continuing operations was PKR 17.78 compared to PKR 161.56 a year ago.