Ashfaq Textile Mills Limited announced earnings results for the second quarter and six months ended December 31, 2017. For the quarter, the company reported sales of PKR 67,072,504 against PKR 70,490,295 a year ago. Loss for the period before taxation was PKR 4,177,714 against profit for the period before taxation of PKR 2,424,479 a year ago. Loss for the period after taxation was PKR 4,882,596 against profit for the period after taxation of PKR 1,045,899 a year ago. Basic and diluted loss per share was PKR 0.14 against basic and diluted earnings per share of PKR 0.03 a year ago. For the six months, the company reported sales of PKR 141,219,787 against PKR 136,394,032 a year ago. Loss for the period before taxation was PKR 6,393,264 against profit for the period before taxation of PKR 3,964,007 a year ago. Loss for the period after taxation was PKR 7,735,165 against profit for the period after taxation of PKR 2,585,427 a year ago. Basic and diluted loss per share was PKR 0.22 against basic and diluted earnings per share of PKR 0.07 a year ago.