Hira Textile Mills Limited reported earnings results for the third quarter and nine months ended March 31, 2016. For the quarter, the company reported net sales of PKR 883,674,813 compared to PKR 993,531,867 a year ago. Profit before taxation was PKR 33,213,234 compared to PKR 34,338,347 a year ago. Profit after tax was PKR 25,550,962 or PKR 0.32 per basic and diluted share compared to PKR 29,087,187 or PKR 0.38 per basic and diluted share a year ago.

For the nine months, the company reported net sales of PKR 2,627,880,170 compared to PKR 2,989,801,921 a year ago. Profit before taxation was PKR 91,880,370 compared to PKR 98,386,975 a year ago. Profit after tax was PKR 69,091,393 or PKR 0.88 per basic and diluted share compared to PKR 83,437,965 or PKR 1.06 per basic and diluted share a year ago.