Business
Maqbool Textile Mills : Transmission of 3rd Quarter & Nine Months Un Audited Accounts
Maqbool Textile Mills : Transmission of 3rd Quarter & Nine Months Un Audited
About this update from Maqbool Textile Mills Limited
[{"type":"text","content":"\n \n MAQBOOL\n \n \n TEXTILE MILLS LIMITED.\n \n \n \n Third Quarter and Nine Months Unaudited Financial Statements\n \n \n for the Period Ended 31st March, 2025\n \n DIRECTORS' REVIEW\n \n \n Dear Shareholders,\n \n \n On behalf of the Board of Directors of the Company, I am pleased to present before you the Un-Audited Financial statements of your Company for the third quarter and nine months period ended March 31, 2025 in compliance with requirements of Companies Act, 2017.\n The overall business remained very tough and challenging throughout the period under report. Its shadows are still looming large on the textile industry and overall economy of the country. The demand for locally produced yarn further reduced drastically due to huge quantities of imported yarn being dumped in the Pakistan market putting the viability of the spinning industry of the country at stake. The performance of your Company also fell victim to these unfavorable conditions effecting the performance of your Company. Due to decrease in demand for yarn, the sales prices remained on the lower side diminishing the financial margins of the Company resulting in net loss of Rs.298 Million to the Company for the quarter and Rs.596 Million for the nine months ended on 31.03.2025. Detailed figures are in annexed financial statements.\n Your Directors are endeavoring hard to achieve the best possible results for the Company in the present sub-dued economic conditions by way of taking measures to reduce the manufacturing cost, especially energy cost by installing solar Electricity Generation System and high efficiency low energy consuming Motors. With these cost cutting measures coupled with expected improvement in the market conditions and by the grace of Almighty Allah, performance of your Company will get better with improved financial results during the remaining period of the current financial year to end on Jur e 30, 2025.\n \n \n On behalf of the Board\n \n \n \n Chairperson\n \n \n PT ace: MuItan\n \n \n Dated: 30-04-2025\n \n \n for the Period Ended 31st March, 2025\n \n \n Maqbool Textile Mills Limited\n \n \n STATEMENT OF PROFIT OR LOSS\n \n \n FOR THE PERIOD ENDED MARCH 31, 2025\n \n \n (Un-Audited)\n \n Nine months period ended\n \n \n Quarter ended\n \n \n March 31,2025\n \n \n March 31,2024\n \n \n March 31,2025\n \n \n March 31,2024\n \n \n -----...