Shadman Cotton Mills Ltd. Reports Modest Earnings Amidst No Dividend Declaration

Karachi, Shadman Cotton Mills Ltd. (PSE: SHCM), a firm within the textile spinning sector, has posted an earnings per share (EPS) of Rs. 5.31 for the fiscal year ending February 2024. Despite the positive earnings, the company, which has been listed on the Pakistan Stock Exchange since 1990, did not declare any dividend for its shareholders. The decision comes in a year marked by operational adjustments and strategic planning for future growth.