Philip Morris (Pakistan) Limited reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PKR 3,237.72 million compared to PKR 4,820.78 million a year ago. Net loss was PKR 7.84 million compared to net income of PKR 383.48 million a year ago. Basic loss per share from continuing operations was PKR 0.13 compared to basic earnings per share from continuing operations of PKR 6.23 a year ago.
For the six months, sales was PKR 9,059.59 million compared to PKR 10,166 million a year ago. Net income was PKR 371.5 million compared to PKR 1,533.32 million a year ago. Basic earnings per share from continuing operations was PKR 6.03 compared to PKR 24.9 a year ago. Diluted earnings per share from continuing operations was PKR 4.34 compared to PKR 19.03 a year ago.