Karachi: Olympia Mills Limited has released its interim financial statement for the three-month period ending September 30, 2026, as reported on October 27, 2026. The statement highlights the company's financial performance during a period marked by challenging economic conditions.

The company reported a revenue of Rs 45.63 million, a decrease from the Rs 51.98 million recorded in the same period last year. This reduction in revenue is attributed to a lower demand for the provision of amnesties, utilities, and other services by tenants. Despite this decline, Olympia Mills Limited reported a net profit after tax of Rs 7.49 million, compared to Rs 6.78 million in the previous year, showcasing a resilient financial performance.

Operating expenses for the company were reduced to Rs 25.19 million from Rs 34.59 million, contributing to a profit from the principal line of business of Rs 20.44 million, up from last year's Rs 17.39 million. The operating profit for the period stood at Rs 13.91 million, compared to Rs 12.53 million in the previous year.

Administrative and general expenses increased to Rs 6.86 million from Rs 5.25 million in the prior year, while other income decreased slightly to Rs 572,459 from Rs 603,910. Finance costs also rose to Rs 1.05 million from Rs 874,632 recorded last year.

According to information available from the Pakistan Stock Exchange (PSX), Olympia Mills Limited's earnings per share for the period were Rs 0.624, reflecting an improvement from Rs 0.565 in the corresponding period of the previous year.

The interim report indicates that Olympia Mills Limited managed to achieve these results despite the prevailing economic difficulties, including high inflation rates and elevated energy prices. The company's directors and sponsors expressed optimism about future profitability and reaffirmed their commitment to supporting the company in navigating the current economic landscape.