Dewan Farooque Motors Limited reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was PKR 0.11 million compared to PKR 0.014 million a year ago. Revenue was PKR 0.094 million compared to PKR 0.012 million a year ago. Net loss was PKR 49.71 million compared to net income of PKR 3.93 million a year ago. Basic loss per share from continuing operations was PKR 0.36 compared to basic earnings per share from continuing operations of PKR 0.03 a year ago.
For the nine months, sales was PKR 0.165 million compared to PKR 0.132 million a year ago. Revenue was PKR 0.141 million compared to PKR 0.113 million a year ago. Net loss was PKR 235.04 million compared to PKR 62.09 million a year ago. Basic loss per share from continuing operations was PKR 1.69 compared to PKR 0.45 a year ago.