Redco Textiles Limited has released its quarterly report for the period ended September 30, 2026, revealing a significant downturn in performance compared to the previous year.
- The company reported a loss after taxation of PKR 99.22M, a stark contrast to the profit of PKR 53.28M in the same quarter last year.
- Revenue decreased by 57.18% to PKR 179.21M, down from PKR 418.54M in the prior period.
- Gross loss for the quarter was PKR 55.55M, compared to a gross profit of PKR 93.85M previously.
- Other operating expenses included a notable loss of PKR 77.56M on the sale of property, plant, and equipment.
- The report highlights challenges due to economic conditions, inflation, and disruptions affecting operations.
- The financial statements are un-audited and prepared in accordance with IFRS IAS 34.