Suraj Cotton 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 PKR 8,037.58 million compared to PKR 3,370.89 million a year ago. Net income was PKR 368.03 million compared to net loss of PKR 220.14 million a year ago. Basic earnings per share from continuing operations was PKR 7.54 compared to basic loss per share from continuing operations of PKR 4.51 a year ago.
For the six months, sales was PKR 15,711.29 million compared to PKR 8,398.05 million a year ago. Net income was PKR 611.74 million compared to net loss of PKR 105.17 million a year ago. Basic earnings per share from continuing operations was PKR 12.53 compared to basic loss per share from continuing operations of PKR 2.15 a year ago.