KARACHI: SG Allied Businesses Limited has reported a wider net loss for the quarter ended March 31, 2026, as weaker sales and continued operational challenges weighed on the company’s financial performance. The results were approved by the company’s Board of Directors during its meeting held on April 29, 2026 at the registered office in Karachi.
According to the financial statement, the company recorded quarterly sales of Rs17.74 million, down from Rs20.18 million in the corresponding quarter of last year, reflecting a decline in revenue generation. The decrease in sales contributed to a lower gross profit of Rs2.10 million, compared with Rs14.63 million in the same period of 2025.
SG Allied Businesses reduced its administrative and selling expenses to Rs37.72 million from Rs37.32 million, while other income also declined significantly to Rs31.49 million from Rs24.99 million in the corresponding quarter. Despite these efforts, the company remained in the red as operating losses persisted.
For the quarter, the company posted a loss after tax of Rs4.34 million, compared with a profit after tax of Rs1.33 million in the same quarter last year. Consequently, loss per share stood at Rs0.29, reversing from earnings per share of Rs0.09 recorded a year earlier.
On a cumulative basis for the nine months ended March 31, 2026, SG Allied Businesses reported a net loss of Rs10.82 million, compared with a net loss of Rs5.11 million in the corresponding period of the previous year. Revenue for the nine-month period declined to Rs57.60 million from Rs63.45 million, indicating continued pressure on the company’s core business operations.
The latest results highlight the ongoing challenges facing SG Allied Businesses as it navigates a difficult operating environment marked by declining revenues and continued profitability pressures. Investors will be closely watching the company’s future performance and any strategic measures aimed at improving operational efficiency and restoring earnings.
