Redco Textiles Limited reported earnings results for the third quarter and nine months ended March 31, 2022. For the third quarter, the company reported sales was PKR 200.86 million compared to PKR 126.01 million a year ago. Net loss was PKR 15.69 million compared to net income of PKR 4.65 million a year ago. Basic loss per share from continuing operations was PKR 0.318 compared to basic earnings per share from continuing operations of PKR 0.094 a year ago.
For the nine months, sales was PKR 526.08 million compared to PKR 403.58 million a year ago. Net income was PKR 8.12 million compared to PKR 17.14 million a year ago. Basic earnings per share from continuing operations was PKR 0.165 compared to PKR 0.348 a year ago.