Baba Farid Sugar Mills 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 443.08 million compared to PKR 517.39 million a year ago. Net loss was PKR 340.63 million compared to net income of PKR 25.02 million a year ago. Basic loss per share from continuing operations was PKR 36.05 compared to basic earnings per share from continuing operations of PKR 2.65 a year ago.
For the six months, sales was PKR 1,681.21 million compared to PKR 1,205.69 million a year ago. Net loss was PKR 182.5 million compared to PKR 45.33 million a year ago. Basic loss per share from continuing operations was PKR 19.31 compared to PKR 4.8 a year ago.