Azgard Nine Ltd Faces Challenges with Modest Earnings

Karachi, Azgard Nine Ltd, a constituent of the Pakistan Stock Exchange, reported an earnings per share (EPS) of Rs. 2.99 for the fiscal year 2022/2023. Despite facing challenging market conditions, the company managed to maintain activity with a daily weighted average rate of Rs. 7.13 and a turnover of 17,870,766 shares. Listed in 1996, Azgard Nine has not declared any distributions for 2022 and 2023, reflecting the hurdles within the textile composite sector yet showing significant trading activity.