Punjab Oil Mills Limited reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported sales was PKR 2,229.68 million compared to PKR 2,378.93 million a year ago. Net loss was PKR 39.24 million compared to PKR 15.94 million a year ago. Basic loss per share from continuing operations was PKR 5.9417 compared to PKR 2.0556 a year ago.
For the six months, sales was PKR 4,509.4 million compared to PKR 4,207.69 million a year ago. Net loss was PKR 28.58 million compared to net income of PKR 11.14 million a year ago. Basic loss per share from continuing operations was PKR 4.3333 compared to basic earnings per share from continuing operations of PKR 1.4375 a year ago.