Ghazi Fabrics International 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 746.62 million compared to PKR 2,260.96 million a year ago. Net loss was PKR 156.74 million compared to net income of PKR 0.264205 million a year ago. Basic loss per share from continuing operations was PKR 4.8 compared to basic earnings per share from continuing operations of PKR 0.01 a year ago.
For the nine months, sales was PKR 3,598.49 million compared to PKR 6,570.16 million a year ago. Net loss was PKR 382.29 million compared to net income of PKR 6.01 million a year ago. Basic loss per share from continuing operations was PKR 11.71 compared to basic earnings per share from continuing operations of PKR 0.18 a year ago.