First Punjab Modaraba reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was PKR 32.27 million compared to PKR 34.58 million a year ago. Revenue was PKR 88.35 million compared to PKR 52.43 million a year ago. Net income was PKR 0.344739 million compared to PKR 7.04 million a year ago. Basic earnings per share from continuing operations was PKR 0.01 compared to PKR 0.21 a year ago.
For the nine months, sales was PKR 60.53 million compared to PKR 87.21 million a year ago. Revenue was PKR 209.99 million compared to PKR 142.62 million a year ago. Net loss was PKR 18.88 million compared to net income of PKR 18.03 million a year ago. Basic loss per share from continuing operations was PKR 0.55 compared to basic earnings per share from continuing operations of PKR 0.53 a year ago.