Equity Modaraba First reported earnings results for the first quarter ended September 30, 2022. For the first quarter, the company reported sales was PKR 2.74 million compared to PKR 20.46 million a year ago. Net loss was PKR 2.3 million compared to net income of PKR 12.06 million a year ago.

Basic loss per share from continuing operations was PKR 0.044 compared to basic earnings per share from continuing operations of PKR 0.23 a year ago.