Matin Spinning Mills PLC reported earnings results for the first quarter ended September 30, 2023. For the first quarter, the company reported sales was BDT 1,876.69 million compared to BDT 1,951.76 million a year ago. Net loss was BDT 98.21 million compared to net income of BDT 202.25 million a year ago.

Basic loss per share from continuing operations was BDT 1.01 compared to basic earnings per share from continuing operations of BDT 2.07 a year ago.