Ghazi Fabrics International Limited has released its financial results for the quarter ended September 30, 2026, reporting a continued challenging environment with halted production leading to zero sales.
- Gross loss for the quarter was PKR (42.44M), down from PKR (52.36M) in the same period last year.
- Loss after tax decreased to PKR (63.49M) from PKR (70.62M) year-on-year.
- Loss per share improved slightly to PKR (1.95) compared to PKR (2.16) in the previous year.
- The textile industry faces increased competition and higher production costs, impacting future outlook.
- The company has suspended production in its Spinning and Weaving Division to mitigate losses.
- Total equity as of September 30, 2026, stands at PKR 3,941.67M, reflecting a significant accumulated loss.
- Cash generated from operations was PKR 157.35M, indicating some operational cash flow despite losses.