Lahore: Zahur Cotton Mills Ltd has announced its financial results for the half-year ending December 31, 2024, following a board meeting held on February 21, 2025, at the company's headquarters in Lahore. The board of directors declared no cash dividend, bonus shares, right shares, or any other entitlements for the period under review.

According to the report, the company's revenue from contracts with customers was not specified for either the six months or the three months ending December 31, 2024, and December 31, 2023. The financial results indicated a loss from operations amounting to 462.45 million rupees for the six-month period, compared to a loss of 490.00 million rupees during the same period in the previous year. The three-month period ending December 31, 2024, showed a loss of 234.50 million rupees, compared to 292.00 million rupees in 2023.

Administrative expenses for the six-month period were reported at 462.45 million rupees, a slight decrease from the 490.00 million rupees reported the previous year. For the three-month period, administrative expenses stood at 234.50 million rupees, down from 292.00 million rupees in 2023. The finance cost for the period was recorded at 335 million rupees compared to 210 million rupees in the prior year.

The company reported a loss before taxation of 462.79 million rupees for the half-year and 234.65 million rupees for the quarter. The net loss after tax remained consistent with the loss before tax figures, as no taxation was applied. The basic and diluted loss per share was recorded at 0.05 rupees for the half-year and 0.02 rupees for the quarter.

According to information available from the Pakistan Stock Exchange (PSX), Zahur Cotton Mills Ltd has confirmed that the financial statements and directors' report will be made available on the company's website and transmitted through the PUCARS system within the prescribed timeframe.

The company did not provide any price-sensitive information or announce any corporate actions during the board meeting. The financial results and related disclosures were aimed at informing TRE Certificate Holders and other stakeholders about the company's financial position as of the end of 2024.