National Refinery Limited reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was PKR 86,766.19 million compared to PKR 57,219.74 million a year ago. Revenue was PKR 72,156.02 million compared to PKR 51,456.65 million a year ago. Net loss was PKR 539.67 million compared to net income of PKR 1,122.27 million a year ago. Basic loss per share from continuing operations was PKR 6.75 compared to basic earnings per share from continuing operations of PKR 14.04 a year ago.
For the nine months, sales was PKR 269,645.39 million compared to PKR 178,001.77 million a year ago. Revenue was PKR 232,026.84 million compared to PKR 154,254.47 million a year ago. Net loss was PKR 6,023.91 million compared to net income of PKR 3,672.74 million a year ago. Basic loss per share from continuing operations was PKR 75.33 compared to basic earnings per share from continuing operations of PKR 45.93 a year ago.