Hi-Tech Lubricants 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 6,329.36 million compared to PKR 3,993.1 million a year ago. Revenue was PKR 5,252.12 million compared to PKR 3,428.31 million a year ago. Net loss was PKR 293.19 million compared to PKR 89.05 million a year ago. Basic loss per share from continuing operations was PKR 2.11 compared to PKR 0.64 a year ago.
For the six months, sales was PKR 11,346.52 million compared to PKR 8,703.43 million a year ago. Revenue was PKR 9,333.03 million compared to PKR 7,370.35 million a year ago. Net loss was PKR 349.89 million compared to PKR 369.38 million a year ago. Basic loss per share from continuing operations was PKR 2.51 compared to PKR 2.65 a year ago.