Khurshid Spinning Mills Limited announced earnings results for the third quarter and nine months ended March 31, 2015. For the quarter, the company reported loss from operations of PKR 3,742,000 compared with profit from operations of PKR 427,000 for the same period a year ago. Loss before tax was PKR 7,393,000 compared with PKR 4,185,000 for the same period a year ago. Loss after tax was PKR 5,684,000 or PKR 0.43 per basic and diluted share compared with PKR 1,758,000 or PKR 0.13 per basic and diluted share for the same period a year ago.

For the nine months, the company reported loss from operations of PKR 13,085,000 compared with PKR 1,153,000 for the same period a year ago. Loss before tax was PKR 24,958,000 compared with PKR 15,430,000 for the same period a year ago. Loss after tax was PKR 19,832,000 or PKR 1.51 per basic and diluted share compared with PKR 8,148,000 or PKR 0.62 per basic and diluted share for the same period a year ago.