Lahore: Sally Textile Mills Limited has disclosed its financial results for the second quarter and half-year ending December 31, 2024. The results were approved during a Board of Directors meeting held on February 17, 2025, at the company”s office in Gulberg-11, Lahore.

The textile company reported a substantial operating loss of 17.08 million for the half-year period, reflecting a marginal improvement from the previous year”s loss of 18.90 million. However, the financial results showed a significant loss before taxation amounting to 40.72 million, a notable increase from the previous year”s 17.08 million loss.

Revenue from contracts with customers remained undisclosed, but the cost of sales for the half-year decreased slightly to 14.98 million from 15.76 million in the previous year. Despite the reduced cost of sales, the company continued to face significant administrative expenses, which amounted to 2.09 million for the half-year, compared to last year”s 3.15 million.

According to information available from the Pakistan Stock Exchange (PSX), the company”s finance costs reached 10.30 million for the half-year, while notional interest expenses were reported at 11.51 million. These financial burdens contributed to the overall loss after taxation, which stood at 40.72 million, translating to a loss per share of 4.64.

No cash dividends, bonus shares, right shares, or any other entitlements were announced. Additionally, the company did not provide any other price-sensitive information. The quarterly report for the period ending December 31, 2024, will be made available separately through PUCARS within the specified timeframe.

The textile industry, part of the designated market category in which Sally Textile Mills operates, continues to face challenges, as evident from the company”s financial performance during the reported period.