Philip Morris (Pakistan) Limited reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PKR 4,581.63 million compared to PKR 4,800.44 million a year ago. Net income was PKR 287.24 million compared to PKR 842.31 million a year ago. Basic earnings per share from continuing operations was PKR 4.66 compared to PKR 13.68 a year ago. Diluted earnings per share from continuing operations was PKR 3.11 compared to PKR 10.1 a year ago.
For the nine months, sales was PKR 13,641.23 million compared to PKR 14,966.44 million a year ago. Net income was PKR 658.74 million compared to PKR 2,375.63 million a year ago. Basic earnings per share from continuing operations was PKR 10.7 compared to PKR 38.58 a year ago. Diluted earnings per share from continuing operations was PKR 7.13 compared to PKR 28.48 a year ago.