Sally Textile Mills Limited has transmitted its annual report for the year ended June 30, 2026, highlighting continued operational challenges and significant financial losses.
- The company reported a net loss after tax of PKR 30.57M, compared to a loss of PKR 29.20M in the previous year.
- Revenue remains at zero due to ongoing operational suspension since 2019, resulting in a gross loss of PKR 28.56M.
- Total assets decreased to PKR 1,439.12M from PKR 1,467.05M, while total liabilities stood at PKR 1,952M, leading to a negative equity of PKR 512.87M.
- The Earnings Per Share (EPS) is reported at PKR (3.48), worsening from PKR (3.33) in the prior year.
- The auditors issued a Disclaimer of Opinion due to significant operational and financial uncertainties, including ongoing legal disputes and liquidity issues.
- The company is actively pursuing a debt restructuring plan and exploring joint ventures to revive operations.