Pakistan PVC Limited has transmitted its annual financial statements for the year ended June 30, 2026, highlighting significant challenges faced during the period.
- Revenue decreased by 48.05% to PKR 3,499.05M, down from PKR 6,735.14M in the previous year.
- The company reported a net loss of PKR 12.59M, compared to a loss of PKR 7.18M in the prior year.
- Earnings per share (EPS) fell to PKR (0.84) from PKR (0.48).
- The Gharo plant remained closed throughout the year, impacting production capabilities.
- The Islamabad plant produced 25,376 meters of PVC pipes, a decrease from 64,394 meters last year.
- The auditors have raised concerns regarding the company's ability to continue as a going concern due to ongoing losses and lack of capital improvement.
- No dividend has been declared due to the poor financial performance.