Reliance Cotton Spinning Mills Limited reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was PKR 3,176.09 million compared to PKR 2,849.84 million a year ago. Net income was PKR 455.85 million compared to PKR 868.12 million a year ago. Basic earnings per share from continuing operations was PKR 44.29 compared to PKR 84.35 a year ago.
For the nine months, sales was PKR 7,964.99 million compared to PKR 7,961.34 million a year ago. Net income was PKR 1,208.29 million compared to PKR 2,285.75 million a year ago. Basic earnings per share from continuing operations was PKR 117.4 compared to PKR 222.09 a year ago.