Ibrahim Fibres Limited reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PKR 30,396.6 million compared to PKR 33,461.03 million a year ago. Net loss was PKR 125.41 million compared to net income of PKR 2,184.69 million a year ago. Basic loss per share from continuing operations was PKR 0.4 compared to basic earnings per share from continuing operations of PKR 7.04 a year ago.
For the six months, sales was PKR 60,112.36 million compared to PKR 64,121.49 million a year ago. Net income was PKR 1,761.24 million compared to PKR 5,803.2 million a year ago. Basic earnings per share from continuing operations was PKR 5.67 compared to PKR 18.69 a year ago.