Reliance Weaving Mills Announces Dividends Amidst Strong Earnings

Business & Finance

Karachi, Reliance Weaving Mills (REWM), a prominent textile company, announced a 40% distribution for the year 2022 while maintaining no distributions for 2023. The company's financial strength was highlighted by an EPS of Rs. 6.59 for the year ending January 2024. Reliance Weaving Mills, which has been part of the Pakistan Stock Exchange since 1992, saw its stock trade at Rs. 75.10 today. The company holds a paid-up capital of Rs. 308.11 million.