Baba Farid Sugar Mills Limited reported earnings results for the third quarter and nine months ended June 30, 2022. For the third quarter, the company reported sales was PKR 1,764.92 million compared to PKR 2,241.56 million a year ago. Net loss was PKR 125.16 million compared to net income of PKR 145.67 million a year ago. Basic loss per share from continuing operations was PKR 13.24 compared to basic earnings per share from continuing operations of PKR 15.42 a year ago.
For the nine months, sales was PKR 2,865.66 million compared to PKR 3,498.31 million a year ago. Net loss was PKR 252.68 million compared to net income of PKR 112.63 million a year ago. Basic loss per share from continuing operations was PKR 26.74 compared to basic earnings per share from continuing operations of PKR 11.92 a year ago.