Faisalabad: J.K. Spinning Mills Limited announced its financial results for the half-year ending December 31, 2024, following a Board of Directors meeting held on February 25, 2025, at its head office in Faisalabad. The company reported no cash dividends, bonus shares, or right shares for the period, and no other corporate actions or price-sensitive information were disclosed.

The Board of Directors considered and approved the unaudited interim financial statements for the half-year, as recommended by the Audit Committee. These statements are to be transmitted through PUCARS and will be available on the company's website in due course. According to the financial results, revenue from contracts with customers reached 21.15 billion rupees, while the cost of sales amounted to 20.43 billion rupees, resulting in a gross profit of 1.10 billion rupees.

Administrative expenses, distribution costs, and other expenses totaled 996.92 million rupees, leading to a profit from operations of 1.78 billion rupees. Other income contributed an additional 297.17 million rupees. However, the finance cost of 1.14 billion rupees reduced the profit before levy and taxation to 638.66 million rupees. After accounting for a levy of 161.34 million rupees, the profit before taxation stood at 477.33 million rupees.

Taxation expenses further reduced the profit, resulting in a post-tax profit of 302.69 million rupees. Earnings per share were reported at 2.96 rupees, a decrease from the previous period's 4.99 rupees. According to information available from the Pakistan Stock Exchange (PSX), the company's financial performance reflects a challenging period with reduced profitability amid unchanged shareholder benefits.

The designated market category for J.K. Spinning Mills Limited remains unchanged, and stakeholders are advised to review the detailed financial results for further insights into the company's performance during the reporting period.