Gulistan Spinning Mills reports a Rs. 1.30 billion loss for the quarter ended September 30, 2026
Financial ResultGulistan Spinning Mills Limited reported an unaudited loss after taxation of Rs. 1,300,309 for the quarter ended September 30, 2026, compared with profit after taxation of Rs. 8,369,467 in the same quarter last year. Loss per share was Rs. 0.09 versus earnings per share of Rs. 0.57. The board recommended no cash dividend, bonus shares, or right shares.
Payout
- No cash dividend
Key Findings
- Loss after taxation was Rs. 1,300,309, versus profit of Rs. 8,369,467 for the quarter ended September 30, 2025.
- Loss per share was Rs. 0.09, compared with earnings per share of Rs. 0.57 in the prior-year quarter.
- The company reported no sales or cost of sales in either comparative quarter; the corresponding table entries are shown as dashes.
- The board recommended NIL cash dividend, bonus shares, and right shares.
- The board meeting was held on October 29, 2026.
Financial Performance
| Metric | PreviousQuarter ended September 30, 2025 | CurrentQuarter ended September 30, 2026 | Change |
|---|---|---|---|
| Profit / (Loss) for the period | 8,369,467 | (1,300,309) | -115.5% |
| Loss per share - basic and diluted | 0.57 | (0.09) | -115.8% |
| Finance cost | (365) | (490) | +34.2% |
| Other income | 8,369,832 | 46,004 | -99.5% |
| Cash and bank balances | 21,141,278 | 15,352,204 | -27.4% |
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.