Towellers 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 2,762.2 million compared to PKR 2,582.67 million a year ago. Net income was PKR 100.79 million compared to PKR 388.85 million a year ago. Basic earnings per share from continuing operations was PKR 5.93 compared to PKR 22.87 a year ago.
For the six months, sales was PKR 6,661.89 million compared to PKR 5,661.29 million a year ago. Net income was PKR 604.78 million compared to PKR 1,140.12 million a year ago. Basic earnings per share from continuing operations was PKR 35.58 compared to PKR 67.07 a year ago.