Island Textile Mills Limited announced earnings results for the second quarter and six months ended December 31, 2016. For the quarter, the company reported net sales of PKR 1,517,972,000 compared to PKR 1,033,858,000 a year ago. Loss before taxation was PKR 9,838,000 compared to PKR 100,554,000 a year ago. Loss after tax for the period was PKR 28,235,000 or PKR 56.47 per basic and diluted share compared to PKR 90,946,000 or PKR 181.89 per basic and diluted share a year ago. For the six months, the company reported net sales of PKR 2,640,971,000 compared to PKR 1,649,482,000 a year ago. Loss before taxation was PKR 19,625,000 compared to PKR 189,393,000 a year ago. Loss after tax for the period was PKR 46,019,000 or PKR 92.04 per basic and diluted share compared to profit after tax for the period of PKR 28,941,000 or PKR 57.88 per basic and diluted share a year ago.