Shadman Cotton Mills Reports Positive Earnings for June 2023

Karachi, Shadman Cotton Mills Ltd. (SHCM), a stalwart in the textile spinning sector since 1990, recorded an earnings per share (EPS) of Rs. 5.31 for the year ending June 2023. Despite the strong earnings, the company did not declare any distributions for its shareholders. The share's trading activity remained modest, with a turnover of 9,000 shares and a share price ranging between Rs. 15.44 and Rs. 14.53. Shadman Cotton Mills has a paid-up capital of Rs. 176.37 million.