Suraj Cotton 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 4,640.03 million compared to PKR 6,344.74 million a year ago. Net loss was PKR 90.08 million compared to net income of PKR 775.86 million a year ago. Basic loss per share from continuing operations was PKR 1.8455 compared to basic earnings per share from continuing operations of PKR 15.9 a year ago.
For the nine months, sales was PKR 13,038.08 million compared to PKR 17,409.48 million a year ago. Net loss was PKR 195.25 million compared to net income of PKR 2,539.32 million a year ago. Basic loss per share from continuing operations was PKR 4 compared to basic earnings per share from continuing operations of PKR 52.0273 a year ago.