KARACHI: Dewan Salman Fibre Limited (PSX: DSFL) reported a reduced net loss for the nine months ended March 31, 2026, reflecting an improvement in its financial performance despite the absence of revenue-generating operations.
According to the company’s unaudited financial results, the net loss after tax narrowed to Rs86.61 million during the nine-month period, compared with a loss of Rs211.83 million recorded in the corresponding period last year. Consequently, the company’s loss per share (LPS) improved to Rs0.24, from Rs0.58 a year earlier.
For the third quarter alone, Dewan Salman Fibre posted a net loss of Rs26.58 million, improving from a loss of Rs33.76 million in the same quarter of the previous year. Quarterly loss per share also improved to Rs0.07, compared with Rs0.09 last year.
The company reported no sales revenue during both the nine-month and quarterly periods. Cost of sales amounted to Rs191.38 million for the nine months, resulting in a gross loss of the same amount. Administrative expenses stood at Rs46.40 million, while operating loss was recorded at Rs237.78 million.
A key contributor to the improved bottom line was a sharp increase in other income, which rose to Rs144.17 million during the nine months, significantly higher than Rs56.86 million in the corresponding period last year. Meanwhile, finance costs declined to Rs12.57 million from Rs31.84 million, further supporting the reduction in losses.
On the balance sheet, the company reported total assets of Rs4.38 billion as of March 31, 2026, compared with Rs4.58 billion at the end of June 2025. Accumulated losses increased slightly to Rs23.62 billion, while current liabilities remained substantial at Rs21.70 billion, including Rs13.77 billion in short-term borrowings and Rs6.89 billion in overdue portions of long-term loans.
The Board of Directors did not recommend any cash dividend, bonus shares, right shares, or other corporate actions for the period under review.
