Ittefaq Iron Industries 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 2,401.38 million compared to PKR 2,939.4 million a year ago. Net loss was PKR 110.67 million compared to net income of PKR 38.84 million a year ago. Basic loss per share from continuing operations was PKR 0.77 compared to basic earnings per share from continuing operations of PKR 0.27 a year ago.
For the nine months, sales was PKR 7,015.82 million compared to PKR 8,677.03 million a year ago. Net loss was PKR 245.45 million compared to net income of PKR 226.17 million a year ago. Basic loss per share from continuing operations was PKR 1.7 compared to basic earnings per share from continuing operations of PKR 1.57 a year ago.