Azgard Nine 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 6,468.42 million compared to PKR 7,465.02 million a year ago. Net loss was PKR 179.89 million compared to net income of PKR 304.15 million a year ago. Basic loss per share from continuing operations was PKR 0.37 compared to basic earnings per share from continuing operations of PKR 0.62 a year ago.
For the six months, sales was PKR 14,449.18 million compared to PKR 14,932.35 million a year ago. Net income was PKR 140.45 million compared to PKR 460.07 million a year ago. Basic earnings per share from continuing operations was PKR 0.29 compared to PKR 0.94 a year ago.