The Crescent Textile Mills Limited reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was PKR 6,731.03 million compared to PKR 4,205.84 million a year ago. Net loss was PKR 268.95 million compared to net income of PKR 100.65 million a year ago. Basic loss per share from continuing operations was PKR 2.69 compared to basic earnings per share from continuing operations of PKR 1.01 a year ago.
For the six months, sales was PKR 12,326.79 million compared to PKR 9,108.05 million a year ago. Net loss was PKR 482.92 million compared to net income of PKR 302.2 million a year ago. Basic loss per share from continuing operations was PKR 4.83 compared to basic earnings per share from continuing operations of PKR 3.02 a year ago.