Reliance Weaving Mills Limited reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was PKR 8,497.33 million compared to PKR 8,307 million a year ago. Net loss was PKR 165.5 million compared to net income of PKR 821.06 million a year ago. Basic loss per share from continuing operations was PKR 5.37 compared to basic earnings per share from continuing operations of PKR 26.65 a year ago.
For the nine months, sales was PKR 24,156.24 million compared to PKR 22,447.21 million a year ago. Net income was PKR 36.49 million compared to PKR 2,526.75 million a year ago. Basic earnings per share from continuing operations was PKR 1.18 compared to PKR 82.01 a year ago.