Reliance Cotton 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 3,242.28 million compared to PKR 2,259 million a year ago. Net income was PKR 310.83 million compared to PKR 194.99 million a year ago. Basic earnings per share from continuing operations was PKR 30.2 compared to PKR 18.95 a year ago.
For the six months, sales was PKR 6,741.32 million compared to PKR 4,788.9 million a year ago. Net income was PKR 706.83 million compared to PKR 752.44 million a year ago. Basic earnings per share from continuing operations was PKR 68.68 compared to PKR 73.11 a year ago.