Artistic Denim Mills Limited has released its results for the year ended 30 June 2026. Sales fell sharply, yet the company improved gross margins and operating profit while slightly narrowing its net loss.
The board met on 24 September 2026 and recommended no cash dividend, bonus shares or rights issue.
Sales Down, Margins Improve
Turnover dropped to Rs 13.90 billion from Rs 18.35 billion a year earlier. Cost of sales also declined, helping gross profit rise to Rs 1.13 billion from Rs 1.06 billion.
Distribution and administrative costs were lower. Other income fell. Operating profit still increased to Rs 530 million from Rs 498 million.
Finance Costs Keep Company in Loss
Finance costs rose to Rs 821 million from Rs 707 million. That pushed the company to a loss before levies of Rs 291 million.
After levies of Rs 145 million, net loss stood at Rs 436 million, a little better than last year’s Rs 451 million. Loss per share was Rs 5.19 against Rs 5.37.
Balance Sheet and Cash Flow
Total assets declined to Rs 23.10 billion. Equity fell to Rs 7.30 billion. Long-term financing increased while short-term borrowings were reduced.
Cash generated from operations turned positive at Rs 1.02 billion after a large outflow last year. Cash on hand still dropped to Rs 208 million from Rs 596 million.
Annual General Meeting Details
The company will hold its AGM on 28 October 2026 at 4:00 p.m. at Dewan University in Korangi Industrial Area, Karachi.
Share transfer books will stay closed from 20 to 28 October 2026. The board fixed the next board size at seven directors for a three-year term starting 23 November 2026.
The annual report will be issued through PUCARS at least 21 days before the meeting.