Saif Textile 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 2,988.98 million compared to PKR 2,894.89 million a year ago. Net loss was PKR 114.6 million compared to PKR 539.64 million a year ago. Basic loss per share from continuing operations was PKR 4.34 compared to PKR 20.43 a year ago.
For the six months, sales was PKR 6,374.74 million compared to PKR 5,550.66 million a year ago. Net loss was PKR 248.34 million compared to PKR 531.54 million a year ago. Basic loss per share from continuing operations was PKR 9.4 compared to PKR 20.12 a year ago.