Adam Sugar Mills Limited reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported sales was PKR 370.07 million compared to PKR 351.72 million a year ago. Net loss was PKR 20.08 million compared to PKR 55.85 million a year ago. Basic loss per share from continuing operations was PKR 1.16 compared to PKR 3.23 a year ago.
For the nine months, sales was PKR 2,950.89 million compared to PKR 2,922.91 million a year ago. Net income was PKR 43.46 million compared to PKR 168.81 million a year ago. Basic earnings per share from continuing operations was PKR 2.51 compared to PKR 9.76 a year ago.