First Punjab Modaraba reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PKR 11.56 million compared to PKR 9.12 million a year ago. Net loss was PKR 12.35 million compared to PKR 25.71 million a year ago. Basic loss per share from continuing operations was PKR 0.36 compared to PKR 0.76 a year ago.
For the six months, sales was PKR 27.19 million compared to PKR 31.11 million a year ago. Net loss was PKR 11.24 million compared to PKR 14.55 million a year ago. Basic loss per share from continuing operations was PKR 0.33 compared to PKR 0.43 a year ago.