Ideal Spinning Mills Limited reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported sales was PKR 1,548.55 million compared to PKR 1,462.23 million a year ago. Net loss was PKR 263.59 million compared to net income of PKR 108.25 million a year ago. Basic loss per share from continuing operations was PKR 26.57 compared to basic earnings per share from continuing operations of PKR 10.91 a year ago.
For the six months, sales was PKR 3,232.94 million compared to PKR 2,902.11 million a year ago. Net loss was PKR 362.09 million compared to net income of PKR 223.91 million a year ago. Basic loss per share from continuing operations was PKR 36.5 compared to basic earnings per share from continuing operations of PKR 22.57 a year ago.