J.K. Spinning Mills Limited reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was PKR 9,342.55 million compared to PKR 7,397.88 million a year ago. Net income was PKR 153.45 million compared to PKR 340.28 million a year ago. Basic earnings per share from continuing operations was PKR 1.5 compared to PKR 3.33 a year ago.
For the six months, sales was PKR 20,430.52 million compared to PKR 17,011.09 million a year ago. Net income was PKR 510.95 million compared to PKR 1,091.32 million a year ago. Basic earnings per share from continuing operations was PKR 4.99 compared to PKR 10.67 a year ago.