Ghani Automobile Industries Limited announced earnings results for the third quarter and nine months ended March 31, 2016. For the quarter, the company reported net sales of PKR 52.2 million compared to PKR 123.2 million reported in the same period last year. Operating loss was PKR 77.05 million against PKR 18.9 million reported last year. Loss before taxation was PKR 64.4 million against PKR 11.4 million reported last year. Loss after taxation was PKR 63.25 million against PKR 10.6 million reported last year. Loss per basic share was PKR 1.26 against PKR 0.21 for the same period in the last year.

For the nine months, the company reported net sales of PKR 13.7 million compared to PKR 35.7 million reported in the same period last year. Operating loss was PKR 17.65 million against PKR 5 million reported last year. Loss before taxation was PKR 8.2 million against PKR 2.2 million reported last year. Loss after taxation was PKR 8.1 million against PKR 2.2 million reported last year. Loss per basic share was PKR 0.16 against PKR 0.04 for the same period in the last year.