Karachi: D.M. Textile Mills Limited has disclosed its financial results for the fiscal year ended June 30, 2024, demonstrating significant financial activities and results. The company convened its board meeting on October 3, 2024, at its Rawalpindi office, where these figures were recommended for public release.

In fiscal 2024, D.M. Textile Mills Limited reported a total income from operations of 64.05 million Rupees, a substantial increase from the 28.26 million Rupees recorded in the previous year. This represents an over 126% rise in operational income. However, the company also faced higher expenses with administrative and general costs amounting to 44.71 million Rupees compared to 54.88 million Rupees last year, indicating a reduction in general expenses by 18.49%.

According to information available from the Pakistan Stock Exchange (PSX), the company’s financial performance also saw a profit before levies and income tax standing at 17.99 million Rupees in 2024, compared to a loss of 27.58 million Rupees in 2023. The turnaround to profit is particularly notable given the previous year's financial strain.

The profit after taxation for the year was also positive at 14.85 million Rupees, a stark contrast to the loss of 14.19 million Rupees in 2023. Earnings per share (EPS) improved slightly to 4.87 Rupees from a previous 4.65 Rupees.

D.M. Textile Mills Limited has announced its annual general meeting to be held on October 28, 2024, inviting stakeholders to review and discuss the year’s financial outcomes and strategize for the upcoming fiscal challenges.