Ruby Textile Mills Limited has transmitted its annual report for the year ended June 30, 2026, detailing significant operational challenges and financial losses due to the closure of its manufacturing units.
- The company reported a net loss after tax of PKR 28.85M for FY 2026, compared to a loss of PKR 24.96M in FY 2025.
- Earnings per share (EPS) decreased to PKR (0.55) from PKR (0.48) year-on-year.
- Revenue for the year was PKR 25.35M, with no sales recorded from manufacturing activities.
- The company has been unable to operate its units due to financial constraints, leading to adverse financial performance.
- The auditors issued an adverse opinion regarding the company's ability to continue as a going concern, citing accumulated losses exceeding PKR 954M.
- The management is exploring options to revive operations and improve financial stability, including seeking financial support from banks.
- The annual general meeting is scheduled for October 27, 2026, to discuss the financial statements and appoint auditors for the next fiscal year.