Karachi: Prosperity Weaving Mills Ltd. has reported its financial performance for the fiscal year 2023-24, highlighting a steady increase in both assets and equity. The company's balance sheet reveals that total assets have increased to 7,314.75 million, compared to 7,191.93 million in the previous fiscal year. Equity has also seen a rise, reaching 2,348.15 million, up from 2,329.13 million last year.

The company's non-current assets have slightly decreased to 3,131.97 million from 3,196.18 million, while current assets have grown to 4,182.77 million from 3,995.76 million. Long-term liabilities have been reduced to 1,874.53 million from 1,963.66 million, reflecting the company's efforts in managing its debts. Current liabilities have increased to 3,092.07 million from 2,899.15 million, indicating a rise in short-term financial obligations.

According to information available from the Pakistan Stock Exchange (PSX), Prosperity Weaving Mills Ltd. has maintained its operational capacity with 382 air jet looms installed, consistent with the previous year. This stability in production equipment suggests a focus on maintaining output levels despite financial fluctuations.

The total equity and liabilities for the company have remained balanced at 7,314.75 million, aligning with total assets. This equilibrium underscores the company's financial stability amidst a challenging economic environment.