Sapphire Textile Mills Ltd. Announces Significant Earnings and Dividend

Karachi, Sapphire Textile Mills Limited (SAPT), a key player in Pakistan’s textile sector, has reported a daily weighted average rate of Rs. 216.90 for the period of January to February 2024. The company, listed on the Pakistan Stock Exchange since 1974, has announced a 100% distribution for its shareholders for the fiscal year ending June 2023. With a paidup capital of Rs. 4,240 million, Sapphire Textile Mills has seen its earnings per share (EPS) rise to Rs. 151.74 for the year 2022/2023. The stock reached a high of Rs. 1,725 and a low of Rs. 1,415 during the reporting period, highlighting its strong performance in the market.