Idrees Textile Mills Limited Faces Loss in Half-Year Results

Financial Results

Karachi, Idrees Textile Mills Limited has disclosed its financial performance for the half-year ended December 31, 2023. On an unconsolidated basis, the company faced a pre-tax loss of PKR 28.906 million and an after-tax loss of PKR 36.932 million, with an earnings per share of negative PKR 1.86. The consolidated financial results showed a slight increase in loss, with a pre-tax and after-tax loss of PKR 30.062 million and PKR 38.088 million respectively, resulting in an earnings per share of negative PKR 1.92.