SERT · Service Industries Textiles Limited
Transmission of Annual Financial Statements for the year ended June 30,2026
- Filed
- 7 October 2026 at 1:33 pm
- Category
- Financials
- Sentiment
- Bad
- Impact
- High
AI executive summary
Service Industries Textiles Limited reported annual results for the year ended June 30, 2026, posting a net loss after tax of PKR 111.36 million compared to a loss of PKR 72.90 million in the previous year, with sales decreasing to PKR 1.28 billion. The statutory auditors expressed an adverse opinion on the financial statements regarding the company's going concern status due to accumulated losses of PKR 472.22 million and negative working capital.
Key takeaways
- Net sales for the year ended June 30, 2026 decreased to PKR 1,276,206,746 compared to PKR 1,370,514,683 in the previous year.
- Gross result worsened to a gross loss of PKR 35,227,470 from a gross profit of PKR 5,593,735 previously.
- Loss after taxation increased to PKR 111,355,488 from PKR 72,900,073 in the preceding year.
- Loss per share (basic and diluted) for the year stood at PKR (8.08) compared to PKR (5.29) last year.
- No dividend has been declared by the Board of Directors for the year due to losses.
Filing details
Financial results
Annual · Audited · Standalone · 30 June 2026
Figures in Rupees
Reporting period
Year
- Income
- 1,276,206,746 (prior 1,370,514,683)
- Profit after tax
- -111,355,488 (prior -72,900,073)
- EPS
- -8.08 (prior -5.29)
- No dividend has been declared for the year ended June 30, 2026.
- The Board recommended circulation of annual financial statements via QR-enabled code and weblink, subject to members' approval at the Annual General Meeting.
- Re-appointment of M/s Crowe Hussain Chaudhury & Co., Chartered Accountants, as statutory auditors for the year ending June 30, 2027, subject to shareholders' approval.
Dividend and entitlement
- Type
- None
- Notes
- The document transmits annual financial statements for the year ended 2026-06-30 without any dividend or entitlement announcement.
- #annual results
- #financial statements
- #textile
- #loss
This summary is AI-generated and may contain errors or omissions. Review the official PSX filing before making an investment decision.