Shams Textile Mills Limited reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported sales was PKR 392.5 million compared to PKR 2,378.03 million a year ago. Net loss was PKR 64.12 million compared to net income of PKR 96.08 million a year ago. Basic loss per share from continuing operations was PKR 7.42 compared to basic earnings per share from continuing operations of PKR 11.12 a year ago.
For the six months, sales was PKR 715.08 million compared to PKR 4,808.31 million a year ago. Net loss was PKR 95.35 million compared to net income of PKR 228.86 million a year ago. Basic loss per share from continuing operations was PKR 11.04 compared to basic earnings per share from continuing operations of PKR 26.49 a year ago.