Baba Farid Sugar Mills Limited reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported sales was PKR 1,740.48 million compared to PKR 1,764.92 million a year ago. Net loss was PKR 6.95 million compared to PKR 125.16 million a year ago. Basic loss per share from continuing operations was PKR 0.74 compared to PKR 13.24 a year ago.
For the nine months, sales was PKR 2,946.17 million compared to PKR 2,865.66 million a year ago. Net loss was PKR 52.28 million compared to PKR 252.68 million a year ago. Basic loss per share from continuing operations was PKR 5.53 compared to PKR 26.74 a year ago.