Ghani Automobile Industries Limited reported earnings results for the second quarter and six months ended December 31, 2015. For the quarter, the company reported sales of PKR 14.2 million compared to PKR 40.4 million, operating loss of PKR 35.8 million compared to PKR 11.5 million, loss before taxation of PKR 32.3 million compared to profit before taxation of PKR 16.3 million and loss after taxation of PKR 31.2 million or PKR 1.56 per basic and diluted share compared to profit after taxation of PKR 14.6 million or PKR 0.73 per basic and diluted share for the last year. Loss before interest and tax was PKR 32.3 million compared profit before interest and tax PKR 17.0 million for the last year.

For the six months, the company reported sales of PKR 38.4 million compared to PKR 87.5 million, operating loss of PKR 59.4 million compared to PKR 14.0 million, loss before taxation of PKR 56.2 million compared to profit before taxation of PKR 13.6 million and loss after taxation of PKR 55.2 million or PKR 2.73 per basic and diluted share compared to profit after taxation of PKR 12.8 million or PKR 0.64 per basic and diluted share for the last year. Loss before interest and tax was PKR 53.5 million compared profit before interest and tax PKR 21.2 million for the last year.