Multan, In a recent board meeting held at its Vehari Road, Multan office, AllaWasaya Textile And Finishing Mills Limited approved its financial results for the quarter and nine months ending March 31, 2024. The board also decided to maintain the number of directors at eleven, as per section 159(1) of the Companies Act, 2017.

The company announced that it would not be distributing cash dividends, bonus shares, or right shares this period. Additionally, it plans to increase its Paid-Up Capital through the issuance of 200,000 new ordinary shares. These shares will be offered as Right Shares at a rate of 25 for every 100 ordinary shares held, priced at Rs. 1,000 each.

Financial figures released show a significant increase in revenue, with Rs. 4,718,144,554 earned in the last nine months, compared to Rs. 2,681,768,873 in the same period the previous year. The quarter saw revenues of Rs. 1,590,177,740, up from Rs. 917,483,092 year-over-year. Despite higher revenues, the company reported a net loss for the period, with a total comprehensive loss of Rs. 57,950,802 for the nine months, improving from a loss of Rs. 187,609,919 in the previous year.

AllaWasaya Textile also reported various expenses, including distribution and marketing, administrative costs, and finance costs, contributing to the overall financial outcome. The quarterly report of the company will be distributed through PUCARS within the specified timeframe.