Allawasaya Textile Mills Reports Significant Loss, Faces Market Challenges

Karachi, Allawasaya Textile Mills Ltd., listed under AWTX, reported a substantial loss with an earnings per share of Rs. (205.96) for the period. Despite announcing a 72.5% distribution, the company did not record any trading activity, indicating a challenging market position. With a paid-up capital of Rs. 8.00 million, Allawasaya Textile Mills has been a part of the textile spinning industry since its listing in 1968, facing significant hurdles in recent times.