Faran 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 2,628.05 million compared to PKR 1,636.58 million a year ago. Net loss was PKR 521.1 million compared to net income of PKR 190.69 million a year ago. Basic loss per share from continuing operations was PKR 20.84 compared to basic earnings per share from continuing operations of PKR 7.63 a year ago. Diluted loss per share from continuing operations was PKR 20.84 compared to diluted earnings per share from continuing operations of PKR 7.63 a year ago.
For the six months, sales was PKR 5,082.52 million compared to PKR 3,827.95 million a year ago. Net loss was PKR 454.25 million compared to net income of PKR 391.07 million a year ago. Basic loss per share from continuing operations was PKR 18.17 compared to basic earnings per share from continuing operations of PKR 15.64 a year ago. Diluted loss per share from continuing operations was PKR 18.17 compared to diluted earnings per share from continuing operations of PKR 15.64 a year ago.