Ghandhara Tyre and Rubber Company 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 3,462.61 million compared to PKR 4,745.52 million a year ago. Net loss was PKR 278.42 million compared to net income of PKR 95.36 million a year ago. Basic loss per share from continuing operations was PKR 2.28 compared to basic earnings per share from continuing operations of PKR 0.78 a year ago.
For the nine months, sales was PKR 10,632.07 million compared to PKR 12,913.68 million a year ago. Net loss was PKR 238.35 million compared to net income of PKR 336.63 million a year ago. Basic loss per share from continuing operations was PKR 1.95 compared to basic earnings per share from continuing operations of PKR 2.76 a year ago.