Lahore: Shahtaj Textile has declared a cash dividend of 10 percent, amounting to Rs. 1 per share, following a board meeting on September 26, 2024. This announcement comes as the company discloses its financial results for the fiscal year ended June 30, 2024, showcasing a solid performance across key financial metrics.

According to information available from the Pakistan Stock Exchange (PSX), the company's financials reflect strong earnings with a basic and diluted earnings per share of Rs. 15.84, up from Rs. 2.81 in the previous year. The total revenue reached Rs. 8.08 billion, a slight increase from Rs. 7.95 billion, while operational costs rose to Rs. 7.44 billion from Rs. 7.28 billion, indicating controlled growth in expenses relative to revenue.

The profit before taxation stood at Rs. 640.94 million, a slight decrease from Rs. 673.31 million reported last year. After accounting for taxes and other deductions, the net profit amounted to Rs. 153.02 million, demonstrating the company’s ability to maintain profitability in a challenging economic environment.

Furthermore, Shahtaj Textile is committed to adhering to regulatory requirements, including the filing of both hard and soft copies of their financial accounts as mandated under section 223 (7) of the Companies Act, 2017, via the Pakistan Unified Corporate Annual Report System (PUCAR).