Artistic Denim Mills Limited Announces Profit Distribution

Karachi, Artistic Denim Mills Limited (ADMM), listed on the Pakistan Stock Exchange, reported a significant distribution to its shareholders. The company announced a 20% distribution for the current year, following a 35% distribution in the previous year. The earnings per share (EPS) for the January-March 2024 quarter stood at Rs. 44.5. The daily weighted average rate of ADMM’s stock was Rs. 49.27, with today’s rate reaching Rs. 49.55. The company’s paid-up capital is reported at Rs. 840 million, with the market lot size for transactions set at 500 shares. The last book closure was on October 17, 1995, the year the company was listed.