Waves Corporation Limited reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PKR 1,432.78 million compared to PKR 2,401.47 million a year ago. Revenue was PKR 1,235.11 million compared to PKR 2,056.36 million a year ago. Net income was PKR 24.39 million compared to PKR 21.53 million a year ago. Basic earnings per share from continuing operations was PKR 0.11 compared to PKR 0.1 a year ago.
For the nine months, sales was PKR 5,017.68 million compared to PKR 11,114.45 million a year ago. Revenue was PKR 4,179.65 million compared to PKR 9,198.58 million a year ago. Net income was PKR 175.09 million compared to PKR 386.51 million a year ago. Basic earnings per share from continuing operations was PKR 0.71 compared to PKR 1.65 a year ago.