Karachi: Crescent Jute Products Limited has reported a significant loss in its financial results for the fiscal year ended June 30, 2024. The detailed statement of profit or loss outlines various components contributing to the company's performance.

According to information available from the Pakistan Stock Exchange (PSX), the financial statement reveals a basic and diluted loss per share of 0.31 rupees for 2024, compared to a loss of 0.39 rupees per share in 2023. The total loss after taxation amounted to 7,382.67 million rupees, indicating a narrowed gap from the previous year's loss of 9,161.74 million rupees.

The breakdown of the financials shows other income at 40.19 million rupees, which was overshadowed by substantial administrative expenses totaling 7,382.09 million rupees and additional losses from other expenses and finance costs. The total loss before levies and tax stood at 9,821.42 million rupees.

The report further indicates that after accounting for levies and taxation, the losses were slightly mitigated, bringing the final figures to a net loss before tax of 7,374.99 million rupees and a net loss after tax of 7,382.67 million rupees. These figures demonstrate the financial challenges faced by Crescent Jute Products Limited in maintaining profitability amid rising costs and operational expenses.

This fiscal snapshot provides investors and market analysts with crucial data on the company's financial health and operational challenges during the reporting period.