Leather Up Limited has released its financial report for the first quarter ended September 30, 2026, indicating a significant decline in revenue and a net loss compared to the same period last year.
- Net revenue for Q1 2026: PKR 1.99M, down from PKR 25.52M in Q1 2025.
- Net loss after taxation: PKR 1,730,055, contrasting with a net profit of PKR 828,168 in the previous year.
- Earnings per share (EPS): PKR (0.29) compared to PKR 0.14 in the same quarter last year.
- Total assets decreased to PKR 22,173,832 from PKR 23,301,557 as of June 30, 2026.
- The report is unaudited and reflects ongoing challenges in the leather industry, with management focused on operational efficiencies and market expansion.
- The company maintains a commitment to maximizing shareholder value despite current financial setbacks.