Dewan Mushtaq Textile Mills Limited reported a significant loss of Rs 8.32 million for the first quarter of 2024
Filed as: Financial Results for the Quarter Ended 2024-09-30
Summary
Dewan Mushtaq Textile Mills Limited reported a significant loss of Rs 8.32 million for the first quarter of 2024, compared to a loss of Rs 3.19 million in the same period last year, indicating severe financial challenges.
Read the original filingFigures in the filing
| Item | This period | Period before | Change |
|---|---|---|---|
| Net Loss | PKR 8.32 million | PKR 3.19 million | +161.0% |
| Operating Loss | PKR 8.85 million | PKR 9.41 million | -6.0% |
| Loss Per Share | PKR 0.72 | PKR 0.28 | +157.1% |
| Cash and Cash Equivalents | PKR 4.41 million | PKR 6.64 million | -33.5% |
| Accumulated Losses | PKR 725.91 million | PKR 718.90 million | +1.0% |
Amounts are in Pakistani rupees as stated in the filing (M = million, B = billion).
What the filing says
- The company reported a net loss of Rs 8.32 million for the first quarter of 2024, a substantial increase from the Rs 3.19 million loss in the prior year, reflecting a worsening financial position.
- Operating loss decreased slightly to Rs 8.85 million from Rs 9.41 million in the previous year, indicating marginal improvement in operational efficiency.
- The loss per share increased to Rs 0.72 from Rs 0.28, highlighting a significant decline in shareholder value.
More DMTM announcements
- NoticeApproval of Extension in Time for Holding the Annual General Meeting
- NoticeTransmission of Quarterly Report for the Period Ended March 31,2025
- Financial resultDewan Mushtaq Textile Mills Limited reported a net loss of Rs 26.36 million for the nine months ended March 31, 2025Filed as: Financial Results for the Quarter Ended March 31,2025
- NoticeTransmission of Quarterly Report for the Period Ended December 31,2024
- NoticeBoard Meeting
- Financial resultDewan Mushtaq Textile Mills Limited reported a significant loss of Rs 19.38 million for the half year ended December 31, 2024Filed as: Financial Results for the Quarter Ended December 31,2024
Source: DMTM's filing with the Pakistan Stock Exchange. The summary and figures on this page are extracted from the filing by software and can contain errors; the filing itself is the record. This page describes the filing. It is not investment advice and Nafa does not recommend any stock. Investing in securities involves risk, including possible loss of principal.