Hi-Tech Lubricants 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 5,677.64 million compared to PKR 5,129.09 million a year ago. Revenue was PKR 4,144.17 million compared to PKR 3,815.85 million a year ago. Net income was PKR 189.58 million compared to PKR 209.08 million a year ago. Basic earnings per share from continuing operations was PKR 1.36 compared to PKR 1.5 a year ago.
For the nine months, sales was PKR 14,381.08 million compared to PKR 14,534.51 million a year ago. Revenue was PKR 11,514.52 million compared to PKR 10,881.54 million a year ago. Net loss was PKR 179.79 million compared to net income of PKR 605.47 million a year ago. Basic loss per share from continuing operations was PKR 1.29 compared to basic earnings per share from continuing operations of PKR 4.35 a year ago.