Bolan Castings 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 548.54 million compared to PKR 644.72 million a year ago. Net income was PKR 2.05 million compared to net loss of PKR 2.4 million a year ago. Basic earnings per share from continuing operations was PKR 0.18 compared to basic loss per share from continuing operations of PKR 0.21 a year ago.
For the nine months, sales was PKR 1,478.75 million compared to PKR 2,011.42 million a year ago. Net loss was PKR 63.92 million compared to net income of PKR 2.52 million a year ago. Basic loss per share from continuing operations was PKR 5.57 compared to basic earnings per share from continuing operations of PKR 0.22 a year ago.