The Premier Sugar Mills & Distillery Company Limited reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported sales was PKR 6,043.66 million compared to PKR 8,944.69 million a year ago. Revenue was PKR 5,366.36 million compared to PKR 8,083.06 million a year ago. Net loss was PKR 526.04 million compared to net income of PKR 187.66 million a year ago. Basic loss per share from continuing operations was PKR 140.28 compared to basic earnings per share from continuing operations of PKR 50.04 a year ago.
For the six months, sales was PKR 15,399.12 million compared to PKR 13,568.46 million a year ago. Revenue was PKR 13,868.29 million compared to PKR 12,296.89 million a year ago. Net loss was PKR 371.17 million compared to net income of PKR 251.88 million a year ago. Basic loss per share from continuing operations was PKR 98.98 compared to basic earnings per share from continuing operations of PKR 67.17 a year ago.