Service Industries Textiles 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 220.8 million compared to PKR 379.89 million a year ago. Net loss was PKR 26.57 million compared to net income of PKR 0.626698 million a year ago. Basic loss per share from continuing operations was PKR 1.93 compared to basic earnings per share from continuing operations of PKR 0.05 a year ago.
For the nine months, sales was PKR 812.73 million compared to PKR 1,011.9 million a year ago. Net loss was PKR 84.43 million compared to net income of PKR 15.03 million a year ago. Basic loss per share from continuing operations was PKR 6.12 compared to basic earnings per share from continuing operations of PKR 1.09 a year ago.