Lahore: Zahidjee Textile Mills Limited has announced its financial results for the fiscal year ended June 30, 2024, in a Board of Directors meeting held on October 4, 2024. The company reported a gross profit of PKR 1.83 billion, a decline from the previous year's PKR 2.61 billion. No cash dividend, bonus shares, or right shares were declared for the year.

According to information available from the Pakistan Stock Exchange (PSX), the company's total sales for the year stood at PKR 37.74 billion, marking a growth from PKR 32.31 billion in 2023. The company also reported PKR 2.93 billion in other income and trading profit combined, compared to PKR 3.16 billion in the previous year. After accounting for distribution, administrative, operating, and finance costs, Zahidjee's profit before tax amounted to PKR 830.14 million, a slight decrease from PKR 1.59 billion in 2023.

The company’s Share Transfer Books will remain closed from October 19, 2024, to October 26, 2024, inclusive. Transfers received before the close of business on October 18, 2024, will be considered for entitlement to the announced benefits.

The Annual General Meeting of the company will be held on October 26, 2024, at its registered office to discuss these results and future strategies. The financial results have been enclosed in the company’s annual report, which will be transmitted through PUCARS within the designated time frame.