Saritow 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 869.82 million compared to PKR 890.55 million a year ago. Net loss was PKR 235.67 million compared to PKR 118.75 million a year ago. Basic loss per share from continuing operations was PKR 7.9 compared to PKR 3.98 a year ago.
For the six months, sales was PKR 1,987.71 million compared to PKR 2,137.4 million a year ago. Net loss was PKR 353.1 million compared to PKR 181.32 million a year ago. Basic loss per share from continuing operations was PKR 11.83 compared to PKR 6.08 a year ago.