Shams Textile Mills Limited reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was PKR 1,403.08 million compared to PKR 2,184.17 million a year ago. Net loss was PKR 22.56 million compared to PKR 15.49 million a year ago. Basic loss per share from continuing operations was PKR 2.61 compared to PKR 1.79 a year ago.
For the nine months, sales was PKR 2,118.15 million compared to PKR 6,992.48 million a year ago. Net loss was PKR 117.9 million compared to net income of PKR 213.37 million a year ago. Basic loss per share from continuing operations was PKR 13.65 compared to basic earnings per share from continuing operations of PKR 24.7 a year ago.