Karachi: Suhail Jute Mills Limited has maintained a stable financial position according to its latest unaudited financial statement for the period ending on September 30, 2024. The company's financial standing shows minor fluctuations compared to the audited data from June 30, 2024, revealing robust management amidst economic pressures.

The total equity and liabilities of the company as of September 30, 2024, stand at 1.66 billion rupees, slightly up from 1.66 billion rupees on June 30, 2024. Specifically, the issued, subscribed, and paid-up capital remains unchanged at 43.33 million rupees, alongside a small decrease in revenue reserves from 1.06 billion rupees to 1.05 billion rupees.

According to information available from the Pakistan Stock Exchange (PSX), Suhail Jute Mills' revaluation surplus shows a minor increase, indicating a positive reevaluation of the company's assets. The merger reserve also remained steady at 196.32 million rupees.

Current liabilities reveal a consistent financial strategy, with total liabilities slightly decreasing to 1.65 billion rupees from 1.66 billion rupees. The trade and other payables have decreased to 244.64 million rupees from 241.15 million rupees, and the short-term borrowings stand at 184.94 million rupees, holding steady since June.

On the assets front, the total non-current assets saw a marginal increase, with property, plant, and equipment reported at 1.65 billion rupees, up from 1.65 billion rupees. Current assets also show stability with cash and bank balances at 1.48 million rupees, slightly down from 1.61 million rupees in June.

Overall, the company's balance sheet reflects a strong position with the capability to handle future financial challenges, maintaining stability in its operational and financial strategies.