Shadman Cotton Mills Ltd. reported earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the company reported sales and services of PKR 274,142,110 compared to PKR 904, 243,883 a year ago. Loss before taxation was PKR 11,043,974 compared to profit before taxation of PKR 8,285,057 a year ago. Loss for the period was PKR 43,799,331 compared to PKR 2,540,988 a year ago. Basic and diluted loss per share was PKR 2.50 compared to PKR 0.14 a year ago.

For the six months, the company reported sales and services of PKR 678,223,365 compared to PKR 1,801,995,957 a year ago. Loss before taxation was PKR 87,387,011 compared to profit before taxation of PKR 22,946,318 a year ago. Loss for the period was PKR 94,256,288 compared to net profit for the period of PKR 3,951,801 a year ago. Basic and diluted loss per share was PKR 5.34 compared to basic and diluted loss per share of PKR 0.22 a year ago.