⚡ Flash Summary
Gulshan Spinning Mills Ltd reports a net loss after taxation of PKR (8.025) million for the year ended June 30, 2025, compared to a loss of PKR (13.918) million in the previous year. The company has no cash dividend, bonus shares, or right shares to report. The scheme of arrangement with creditors, sanctioned by Sindh High Court Karachi, is being implemented. The Annual General Meeting will be held on October 28, 2025, and the share transfer books will be closed from October 21 to October 28, 2025.
📌 Key Takeaways
- ⚠️ Gulshan Spinning Mills reports a net loss of PKR (8.025) million for FY2025.
- 📉 Loss per share decreased to PKR (0.36) from PKR (0.63) in the previous year.
- 🚫 No cash dividend, bonus shares, or right shares declared for FY2025.
- 🏛️ Scheme of arrangement with creditors is under implementation.
- 📅 Annual General Meeting scheduled for October 28, 2025.
- 🛑 Share transfer books to be closed from October 21 to 28, 2025.
- 📉 Loss from operations decreased from (17.142) million to (16.269) million
- ⬆️ Other income increased from 3.235 million to 8.254 million
- ⬇️ Finance costs slightly decreased from (11,769) to (10,220).
- 📊 Total Assets remained relatively stable at PKR 201.216 million compared to PKR 200.946 million.
- 📉 Accumulated losses increased from PKR (3,734.020) million to PKR (3,742.045) million.
- ⬆️ Loan from associates and others increased from PKR 287.673 million to PKR 296.225 million.
🎯 Investment Thesis
Given the company’s continued losses, high accumulated losses, and ongoing restructuring efforts, a HOLD recommendation is appropriate. The company needs to demonstrate a sustained improvement in profitability and successful implementation of its scheme of arrangement before a more positive outlook can be considered. The price target is highly speculative and dependent on turnaround efforts. The time horizon is long-term, contingent on successful restructuring.
Disclaimer: AI-generated analysis. Not financial advice.