Huffaz Seamless Pipe Industries Limited announced earnings results for the second quarter and half year ended December 31, 2014. For the quarter, the company reported net sales of PKR 574,142,000 against PKR 227,313,000 for the same period a year ago. Profit before taxation was PKR 28,895,000 against loss before taxation of PKR 27,400,000 for the same period a year ago. Profit for the period was PKR 19,842,000 or PKR 0.38 per basic and diluted share against loss for the period of PKR 65,872,000 or PKR 1.19 basic and diluted loss per share for the same period a year ago. EBITDA was PKR 91,993,000 against LBITDA of PKR 17,719,000 a year ago.

For the half year, the company reported net sales of PKR 979,294,000 against PKR 566,567,000 for the same period a year ago. Profit before taxation was PKR 273,000 against loss before taxation of PKR 54,577,000 for the same period a year ago. Profit for the period was PKR 1,493,000 or PKR 0.03 per basic and diluted share against loss for the period of PKR 38,569,000 or PKR 0.70 basic and diluted loss per share for the same period a year ago. EBITDA was PKR 125,160,000 against PKR 72,365,000 a year ago.