Dewan Farooque Spinning Mills Ltd. Faces Financial Challenges

Karachi, Dewan Farooque Spinning Mills Ltd. (DFSM), disclosed its financial performance, revealing a challenging period for the company. With a daily weighted average rate of 3.55 Rs, DFSM saw a substantial turnover of 14,201,000. The company reported a negative EPS of 2.93 Rs for the fiscal year 2022/2023, indicating financial distress. The stock's performance fluctuated between a high of 3.9 Rs and a low of 2.77 Rs. DFSM, listed in 2005, faces significant hurdles in the textile spinning industry.