Gulistan Textile Mills Limited Reports Financial Loss for the Year Ended June 30, 2022

Karachi, In a recent meeting held in Lahore on June 2, 2023, the Board of Directors of Gulistan Textile Mills Limited announced their financial results for the year ended June 30, 2022. The company reported a series of recommendations, including cash dividends, bonus shares, and rights shares. However, these recommendations are currently listed as “NIL.”

The financial results of the company for the aforementioned period were also disclosed. The net sales were reported, followed by the cost of sales, resulting in a gross loss/profit figure. The operating costs, administrative and general expenses, and other operating expenses were also taken into account. The report further included information on other income, operating loss/profit, finance costs, and profit/loss before taxation. After considering taxation, the company reported a loss/profit after taxation. The figures revealed a loss of (27,003,984), with a finance cost of (196,667,189).

Additionally, the company announced the closure of its Share Transfer Books from June 17, 2023, to June 24, 2023, both days inclusive. This closure will impact the transfer of shares during this period.