Reliance Cotton Spinning 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 2,259 million compared to PKR 2,560.81 million a year ago. Net income was PKR 194.99 million compared to PKR 705.57 million a year ago. Basic earnings per share from continuing operations was PKR 18.95 compared to PKR 68.56 a year ago.
For the six months, sales was PKR 4,788.9 million compared to PKR 5,111.49 million a year ago. Net income was PKR 752.44 million compared to PKR 1,417.64 million a year ago. Basic earnings per share from continuing operations was PKR 73.11 compared to PKR 137.74 a year ago.