Hi-Tech Lubricants Limited reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was PKR 7,783.91 million compared to PKR 5,677.64 million a year ago. Revenue was PKR 6,648.13 million compared to PKR 4,144.17 million a year ago. Net income was PKR 32.29 million compared to PKR 189.58 million a year ago. Basic earnings per share from continuing operations was PKR 0.23 compared to PKR 1.36 a year ago. Diluted earnings per share from continuing operations was PKR 0.23 compared to PKR 1.36 a year ago.
For the nine months, sales was PKR 19,130.43 million compared to PKR 14,381.08 million a year ago. Revenue was PKR 15,981.16 million compared to PKR 11,514.52 million a year ago. Net loss was PKR 317.6 million compared to PKR 179.79 million a year ago. Basic loss per share from continuing operations was PKR 2.28 compared to PKR 1.29 a year ago. Diluted loss per share from continuing operations was PKR 2.28 compared to PKR 1.29 a year ago.