Mughal Iron & Steel Industries 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 17,167.34 million compared to PKR 18,059.22 million a year ago. Net income was PKR 471.05 million compared to PKR 1,842.77 million a year ago. Basic earnings per share from continuing operations was PKR 1.4 compared to PKR 5.49 a year ago.
For the six months, sales was PKR 31,240.64 million compared to PKR 32,081.99 million a year ago. Net income was PKR 1,342.57 million compared to PKR 3,530.97 million a year ago. Basic earnings per share from continuing operations was PKR 4 compared to PKR 10.52 a year ago.