FASM reported significant losses with a net profit after taxation of Rs -266.00 million, indicating severe financial distress

Filed as: Financial Results for the Quarter Ended

FASMFaisal Spinning Mills LimitedFASM · Textile compositeFinancial resultFiled Pakistan time

Summary

FASM reported significant losses with a net profit after taxation of Rs -266.00 million, indicating severe financial distress.

Read the original filing

Figures in the filing

ItemThis periodPeriod beforeChange
Revenue11376.6811826.16-3.8%
Gross Profit0.760.99-23.2%
Net Profit-26657.9-559.4%
Total Assets4107439737.01+3.4%
Total Equity11812.6212170.8-2.9%

Amounts are in Pakistani rupees as stated in the filing (M = million, B = billion).

What the filing says

  • Sales decreased to Rs 11.38 billion from Rs 11.83 billion, reflecting a decline in revenue.
  • The company experienced a gross profit of Rs 762.79 million, down from Rs 993.80 million, indicating reduced profitability.
  • Net loss after taxation was Rs -266.00 million compared to a profit of Rs 57.90 million in the prior period.

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Source: Faisal Spinning Mills Limited'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.