Island Textile Mills Limited reported earnings results for the first quarter ended September 30, 2016. For the quarter, the company reported sales of PKR 1,122,999,000 compared to PKR 615,624,000 a year ago. Loss before taxation was PKR 9,787,000 compared to PKR 88,839,000 a year ago. Loss for the period was PKR 17,784,000 or PKR 35.56 per basic and diluted share compared to profit of PKR 119,887,000 or PKR 239.77 per basic and diluted share a year ago.