Safko Spinning Mills Limited reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was BDT 72.69 million compared to BDT 186.04 million a year ago. Net loss was BDT 16.62 million compared to net income of BDT 2.92 million a year ago. Basic loss per share from continuing operations was BDT 0.55 compared to basic earnings per share from continuing operations of BDT 0.1 a year ago.
For the nine months, sales was BDT 313.2 million compared to BDT 489.83 million a year ago. Net loss was BDT 76.52 million compared to net income of BDT 4.01 million a year ago. Basic loss per share from continuing operations was BDT 2.55 compared to basic earnings per share from continuing operations of BDT 0.13 a year ago.