Waves Homes Appliance Limited reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PKR 1,662.34 million compared to PKR 3,458.51 million a year ago. Net income was PKR 60.88 million compared to PKR 197.13 million a year ago. Basic earnings per share from continuing operations was PKR 0.23 compared to PKR 0.74 a year ago.
For the six months, sales was PKR 3,043.46 million compared to PKR 6,841.27 million a year ago. Net income was PKR 72.09 million compared to PKR 290.22 million a year ago. Basic earnings per share from continuing operations was PKR 0.27 compared to PKR 1.08 a year ago.