Amreli Steels Limited reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was PKR 11,182.62 million compared to PKR 11,666.94 million a year ago. Net loss was PKR 665.8 million compared to net income of PKR 475.71 million a year ago. Basic loss per share from continuing operations was PKR 2.24 compared to basic earnings per share from continuing operations of PKR 1.6 a year ago. Diluted loss per share from continuing operations was PKR 2.24 compared to diluted earnings per share from continuing operations of PKR 1.6 a year ago.
For the nine months, sales was PKR 33,433.65 million compared to PKR 34,697.82 million a year ago. Net loss was PKR 1,300.14 million compared to net income of PKR 290.97 million a year ago. Basic loss per share from continuing operations was PKR 4.38 compared to basic earnings per share from continuing operations of PKR 0.98 a year ago. Diluted loss per share from continuing operations was PKR 4.38 compared to diluted earnings per share from continuing operations of PKR 0.98 a year ago.