Huffaz Seamless Pipe Industries Limited announced earnings results for the second quarter and half year ended December 31, 2013. For the quarter, the company reported net sales of PKR 227,313,000 against PKR 571,847,000 for the same period a year ago. Loss before taxation was PKR 27,403,000 against PKR 74,684,000 for the same period a year ago. Loss for the period was PKR 65,872,000 or PKR 1.19 basic and diluted loss per share against PKR 44,905,000 or PKR 0.81 basic and diluted loss per share for the same period a year ago. LBITDA was PKR 17,719,000 against profit of PKR 64,228,000 a year ago.

For the half year, the company reported net sales of PKR 566,567,000 against PKR 1,003,854,000 for the same period a year ago. Loss before taxation was PKR 54,577,000 against PKR 97,454,000 for the same period a year ago. Loss for the period was PKR 38,569,000 or PKR 0.70 basic and diluted loss per share against PKR 67,540,000 or PKR 1.22 basic and diluted loss per share for the same period a year ago. EBITDA was PKR 72,365,000 against profit of PKR 171,743,000 a year ago.