Ashfaq Textile Mills Reports Negative Earnings Amid Stagnant Distributions

Karachi, Ashfaq Textile Mills Ltd. NC reported a negative earnings per share (EPS) of Rs. -1.72 for January to April 2024, according to information available from the Pakistan Stock Exchange (PSX). The company’s stock traded at Rs. 15.23 today, with a turnover of 59,000 shares. Ashfaq Textile declared a 10% distribution for 2024 but has not offered any distributions in the previous years. The firm was listed on the PSX in 1991.