Yousaf Weaving Mills Limited has released its unaudited financial results for the first quarter ended September 30, 2026, reporting a loss after tax and a decline in sales and gross profit compared to the previous year.
- Revenue for the quarter was PKR 120.34M, down 29% from PKR 170.30M in the same period last year.
- Gross profit decreased to PKR 2.56M, a 29% decline year-on-year.
- The company incurred a net loss after tax of PKR 10.69M, compared to a loss of PKR 9.30M in the prior year.
- Operating expenses remained stable, but the overall financial performance was adversely affected by declining sales.
- Directors provided long-term financing of PKR 83.53M to support operations and liquidity.
- Current liabilities exceeded current assets by PKR 844.66M, indicating ongoing financial strain.
- Management is negotiating with banks to restructure financing and improve cash flow.
- The report emphasizes the need for a supportive operating environment to enhance competitiveness.