Nazir Cotton Mills Limited has released its financial results for the first quarter ended September 30, 2026, reporting a reduced loss compared to the previous year.
- The company incurred a loss after tax of PKR 2.16M, an improvement from a loss of PKR 2.28M in the same quarter last year.
- Loss per share for the quarter is PKR 0.09, compared to PKR 0.10 in Q1 2025.
- Total equity stands at PKR 209.10M, down from PKR 211.26M as of June 30, 2026.
- Current liabilities exceed current assets by PKR 32.15M, indicating ongoing liquidity challenges.
- The report is un-audited and reflects the company's transition strategy towards income-generating investments following a shift in business focus.
- Management is optimistic about future prospects despite the operational challenges faced.