Sitara Energy 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 39.38 million compared to PKR 26.46 million a year ago. Net income was PKR 24.41 million compared to net loss of PKR 30.63 million a year ago. Basic earnings per share from continuing operations was PKR 1.28 compared to basic loss per share from continuing operations of PKR 1.6 a year ago.
For the six months, sales was PKR 47.28 million compared to PKR 215.76 million a year ago. Net loss was PKR 43.7 million compared to PKR 82.17 million a year ago. Basic loss per share from continuing operations was PKR 2.29 compared to PKR 4.3 a year ago.