Mid East Portfolio Sees 76% Sales Drop in Q1 2026

Mid East Portfolio experienced a significant downturn in its June 2026 quarter performance, with sales plummeting by 76.00% to Rs. 3.00 million compared to the previous year. This was accompanied by a drastic 81.08% drop in profit after tax, indicating a broad-based decline across key operational metrics for the period.

• Sales for the quarter stood at Rs. 3.00 million, down from Rs. 12.50 million in June 2025.
• Profit After Tax (PAT) reached Rs. 2.31 million, a sharp decrease from Rs. 12.21 million in the prior year.
• Operating Profit declined to Rs. 3.11 million from Rs. 12.21 million in the corresponding previous quarter.

The company’s overall financial health showed substantial contraction, as evidenced by the sharp decreases in both top-line revenue and bottom-line profitability. This consistent decline across multiple indicators marks a challenging period for Mid East Portfolio compared to the corresponding previous fiscal year.

Detailed Quarterly Performance Metrics

• PBIDT (Profit Before Interest, Depreciation, and Tax) saw a 74.53% reduction, coming in at Rs. 3.11 million.
• PBDT (Profit Before Depreciation and Tax) also fell by 74.53%, registering Rs. 3.11 million.
• PBT (Profit Before Tax) decreased by 74.86% to Rs. 3.07 million.
• Notably, Other Income increased by 123.53% to Rs. 0.76 million from Rs. 0.34 million, offering a slight countertrend.
• Depreciation for the quarter was reported at Rs. 0.04 million, up from Rs. 0.00 million in the same period last year.

Mid East Portfolio’s June 2026 quarter results clearly highlight a period of significant contraction across its primary financial indicators, with sales and profits seeing steep declines. Despite a notable increase in other income, the overall figures underscore the operational challenges faced by the company during this period.