Ideal Spinning Mills Limited reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was PKR 1,476.61 million compared to PKR 1,548.55 million a year ago. Net loss was PKR 46.73 million compared to PKR 263.59 million a year ago. Basic loss per share from continuing operations was PKR 4.71 compared to PKR 26.57 a year ago.
For the six months, sales was PKR 3,282.18 million compared to PKR 3,232.94 million a year ago. Net loss was PKR 163.71 million compared to PKR 362.09 million a year ago. Basic loss per share from continuing operations was PKR 16.5 compared to PKR 36.5 a year ago.