Karachi: Century Paper & Board Mills Limited has announced the financial results for the quarter ended March 31, 2026, following a board meeting held at its registered office in Karachi on April 28, 2026. The board has approved the un-audited financial statements, encompassing various financial measures, including the statement of profit or loss and cash flow, among others.

According to the condensed interim statement of cash flows, the company experienced a notable reduction in net cash flow from operations, reporting a decrease of 2.14 billion rupees, compared to a reduction of 3.52 billion rupees in the same period last year. The financial document highlighted several factors contributing to this trend. The cash generated from operations was reported at 825.36 million rupees, significantly higher than the 71,398 rupees recorded for the same period in the previous year.

The company’s financial activities were marked by substantial financial costs and tax obligations. Finance costs amounted to 779.28 million rupees, while taxes paid were 468.16 million rupees. The company also reported minor disbursements for gratuity and the Workers’ Profit Participation Fund, alongside long-term advances.

Investing activities for the period resulted in a net cash outflow of 534.24 million rupees. This included 554.57 million rupees spent on purchasing property, plant, and equipment, while proceeds from sales in the same category stood at 20.33 million rupees. In terms of financing activities, net cash utilized was 1.15 billion rupees, including repayments of long-term financing to banking companies, which accounted for 1.14 billion rupees.

According to information available from the Pakistan Stock Exchange (PSX), Century Paper & Board Mills Limited’s financial position reflects a notable cash and cash equivalents decrease, ending the period at negative 8.05 billion rupees compared to negative 7.03 billion rupees a year earlier. The decline in cash and bank balances was countered slightly by short-term borrowings.

In terms of equity, the company showed a reduction in its comprehensive income, moving from a profit of 69,735 rupees in the previous year to a loss of 335,640 rupees for the period ended March 31, 2026. The total equity as at March 31, 2026, was reported at 13.08 billion rupees, down from 13.75 billion rupees a year earlier.

The financial results, which are to be transmitted through PUCARS, provide detailed insights into the company’s financial health and operational challenges during the reported period.