Service Industries Textiles Limited reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported sales was PKR 270.65 million compared to PKR 325.14 million a year ago. Net loss was PKR 26.86 million compared to net income of PKR 20.79 million a year ago. Basic loss per share from continuing operations was PKR 1.95 compared to basic earnings per share from continuing operations of PKR 1.51 a year ago.
For the six months, sales was PKR 591.93 million compared to PKR 632.01 million a year ago. Net loss was PKR 57.85 million compared to net income of PKR 14.4 million a year ago. Basic loss per share from continuing operations was PKR 4.2 compared to basic earnings per share from continuing operations of PKR 1.04 a year ago.