Paramount Spinning Mills Limited has released its annual audited financial results for the year ended June 30, 2026, reporting a significant loss and a shift to a non-going concern basis of accounting.
- Reporting Period: Year ended June 30, 2026 (audited)
- Net Profit (Loss): PKR (4,117.57M) (compared to a profit of PKR 39,137.13M YoY)
- Earnings Per Share (EPS): PKR (0.24) (down from PKR 2.26 YoY)
- Total Assets: PKR 21,874.28M (down from PKR 26,009.03M YoY)
- Total Equity: PKR (580.36M) (compared to PKR (576.24M) YoY)
- No dividend or bonus announced.
- The company has ceased operations, with all manufacturing facilities disposed of and no revenue generated during the year.
- The main driver of the loss was the complete lack of operational activity and the transition to a non-going concern basis due to financial difficulties.