Redco Textiles Limited has released its Annual Report for the year ended June 30, 2026, detailing its financial performance amid a challenging market environment.
- The company reported net sales of PKR 1,795.99M, a slight decrease from PKR 1,800.50M in the previous year.
- Gross profit remained stable at PKR 259.88M, compared to PKR 259.15M last year.
- Operating profit fell significantly to PKR 107.58M from PKR 207.98M, impacted by higher operating expenses, including an impairment loss of PKR 87.91M.
- Profit after tax (PAT) dropped to PKR 5.57M, down from PKR 175.63M in the prior year, influenced by a deferred tax expense of PKR 90.68M.
- Earnings per share (EPS) decreased to PKR 0.113 from PKR 3.563.
- The report highlights ongoing challenges in the textile sector, including inflation, energy costs, and competition.
- The company has opted not to declare any dividends for the year, focusing on liquidity for operational needs.