First National Equities Limited reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported negative revenue was PKR 2.23 million compared to PKR 31.69 million a year ago. Net loss was PKR 8.25 million compared to PKR 50.77 million a year ago. Basic loss per share from continuing operations was PKR 0.031 compared to PKR 0.19 a year ago.
For the nine months, negative revenue was PKR 3.18 million compared to PKR 7.29 million a year ago. Net loss was PKR 47.91 million compared to net income of PKR 19.38 million a year ago. Basic loss per share from continuing operations was PKR 0.179 compared to basic earnings per share from continuing operations of PKR 0.073 a year ago.