Gulistan Textile Mills Limited has released its un-audited financial results for the first quarter ended September 30, 2026, reporting a continued loss but showing improvement compared to the previous year.
- Revenue for the quarter was PKR 0, resulting in a gross loss of PKR 5,123,550.
- Net loss after taxation stood at PKR 5,123,550, compared to a loss of PKR 13,652,448 in the same period last year.
- Loss per share (basic and diluted) is reported at PKR 0.27, an improvement from PKR 0.72 year-on-year.
- The company is undergoing a debt restructuring process, sanctioned by the Sindh High Court, aimed at settling its financial obligations through asset sales.
- The restructuring is expected to enhance the company's position moving forward.