Safko Spinning Mills Limited reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was BDT 11.23 million compared to BDT 106.15 million a year ago. Net loss was BDT 76.76 million compared to BDT 51.37 million a year ago. Basic loss per share from continuing operations was BDT 2.56 compared to BDT 1.71 a year ago.
For the six months, sales was BDT 34.69 million compared to BDT 240.51 million a year ago. Net loss was BDT 223.6 million compared to BDT 59.9 million a year ago. Basic loss per share from continuing operations was BDT 7.46 compared to BDT 2 a year ago.