Hoechst Pakistan Limited reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PKR 5,831.38 million compared to PKR 4,521.4 million a year ago. Net income was PKR 469.5 million compared to PKR 24.16 million a year ago. Basic earnings per share from continuing operations was PKR 48.68 compared to PKR 2.5 a year ago.
For the nine months, sales was PKR 15,879.23 million compared to PKR 14,045.25 million a year ago. Net loss was PKR 52.83 million compared to net income of PKR 213.01 million a year ago. Basic loss per share from continuing operations was PKR 5.48 compared to basic earnings per share from continuing operations of PKR 22.09 a year ago.