Paramount Spinning Mills Limited has released its un-audited financial results for the first quarter ended September 30, 2026, reflecting continued operational challenges.
- Revenue for the quarter was reported as PKR 0, indicating no sales.
- Gross loss for the quarter stood at PKR 553.07K, an improvement from a loss of PKR 1.83M in the same period last year.
- Net loss after taxation was PKR 553.07K, compared to a loss of PKR 1.83M in Q1 2025.
- Loss per share (EPS) is reported at PKR (0.03), improving from PKR (0.11) year-on-year.
- The company continues to navigate a strategic shift towards commercial trading and services following the sale of its assets as part of a court-sanctioned scheme.
- Total assets as of September 30, 2026, were PKR 21.83M, with significant cash and tax refunds due contributing to current assets.
- The company’s accumulated losses have increased to PKR 1.38B, reflecting ongoing financial strain.