Jubilee Spinning & Weaving Mills reports a wider quarterly net loss
Financial ResultThe board approved the company’s unaudited first-quarter results for the quarter ended September 30, 2026. Revenue declined year over year, and the net loss widened to Rs. 5.13 million from Rs. 2.83 million.
Key Findings
- Revenue was Rs. 2,681,461, down from Rs. 3,267,387 in the comparable quarter.
- The gross loss was Rs. 379,023, compared with gross profit of Rs. 1,626,234 a year earlier.
- The loss after taxation widened to Rs. 5,128,207 from Rs. 2,828,308; loss per share increased to Rs. 0.16 from Rs. 0.09.
- The board approved the unaudited first-quarter accounts at its meeting on October 29, 2026.
Financial Performance
| Metric | PreviousQuarter ended September 30, 2025 | CurrentQuarter ended September 30, 2026 | Change |
|---|---|---|---|
| Revenue | 3,267,387 | 2,681,461 | -17.9% |
| Gross profit / (loss) | 1,626,234 | (379,023) | -123.3% |
| Profit / (loss) from operations | 1,580,004 | (776,251) | -149.1% |
| (Loss) / profit after taxation | (2,828,308) | (5,128,207) | -81.3% |
| (Loss) / earnings per share - basic and diluted | (0.09) | (0.16) | -77.8% |
| Finance cost | (1,990) | (54,355) | +2,631.4% |
| Cash and bank balances | 8,005,058 | 19,178,962 | +139.6% |
| Short term financing | 72,338,596 | 72,338,596 | 0% |
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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.