Gulshan Spinning Mills Limited has released its un-audited financial results for the first quarter ended September 30, 2026, reporting a continued loss amidst ongoing restructuring efforts.
- Revenue for the quarter was reported as PKR (3,787.83M), reflecting a gross loss.
- Net loss after taxation stood at PKR (3,792.36M), compared to a loss of PKR (3,440.96M) in the same period last year.
- The company is currently implementing a Scheme of Arrangement to address its financial liabilities, which has been sanctioned by the Sindh High Court.
- Cash flow from operating activities showed a net outflow of PKR (4,314.23M) for the quarter.
- Total liabilities remain significant, with a payable to banking companies under the scheme amounting to PKR 2,774.78M.
- The company acknowledges the efforts of its management and employees during this challenging period.