Colony Textile Mills Ltd Faces Challenges in Textile Spinning Sector

Karachi, (PPI Bot): Colony Textile Mills Ltd, trading under the symbol CTM, demonstrated a stable presence in the textile spinning sector of the Pakistan Stock Exchange, closing at 2.63, slightly below its daily weighted average of 2.64. The company, with a substantial paid-up capital of 4,980.10 million Rupees and listed since 2014, did not declare any distributions in recent years. Colony Textile Mills Ltd achieved a high rate of 3.1 from January to October 2023, with a significant turnover of 9,058,000. Its earnings per share (EPS) for 2021/2022 was 1.50.