Lahore: Salman Noman Enterprises Limited, a company listed in the textile sector of the designated market category, announced its financial results for the first quarter of 2026, revealing an increased comprehensive loss compared to the same period last year. The company disclosed these figures following a Board of Directors meeting held on April 28, 2026.
The company reported a total comprehensive loss of Rs. 16,828,968 for the nine-month period ending March 31, 2026, compared to a loss of Rs. 17,632,016 in the same period of the previous year. For the quarter ended March 31, 2026, the loss stood at Rs. 5,545,840, compared to Rs. 5,842,264 in the corresponding quarter of 2025. The loss per share for the quarter was Rs. 1.24, slightly improved from Rs. 1.31 in the previous year’s quarter.
The Board of Directors did not declare any cash dividends, bonus shares, or right shares for the period. Furthermore, no other entitlements or corporate actions were announced.
According to information available from the Pakistan Stock Exchange (PSX), the company’s financial position reflects an accumulated loss of Rs. 794.13 million as of March 31, 2026, compared to Rs. 783.61 million as of June 30, 2025. Non-current liabilities marginally decreased to Rs. 256.11 million from Rs. 257.01 million in the same period. The company’s current liabilities remained largely unchanged at Rs. 937.36 million.
On the asset side, the non-current assets were reported at Rs. 533.79 million, down from Rs. 550.42 million, while current assets remained steady at Rs. 160.29 million. The company’s property, plant, and equipment valuation showed a decline from Rs. 533.95 million to Rs. 517.32 million.
Operating expenses for the nine-month period totaled Rs. 16.83 million, a decrease from Rs. 17.63 million in the previous year. Depreciation on property, plant, and equipment was reported at Rs. 16.63 million, slightly lower than Rs. 17.53 million in the prior period.
Despite the financial challenges, Salman Noman Enterprises remains focused on addressing its fiscal issues and stabilizing its financial position in the coming quarters.