Fecto Cement Limited reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was PKR 2,406.1 million compared to PKR 1,661.45 million a year ago. Net income was PKR 7.16 million compared to PKR 32.72 million a year ago. Basic earnings per share from continuing operations was PKR 0.14 compared to PKR 0.65 a year ago.
For the nine months, sales was PKR 6,551.31 million compared to PKR 4,737.66 million a year ago. Net loss was PKR 114.8 million compared to net income of PKR 182.44 million a year ago. Basic loss per share from continuing operations was PKR 2.29 compared to basic earnings per share from continuing operations of PKR 3.64 a year ago.