Shams Textile Mills Ltd Reports Negative Earnings for 2023

Karachi, Shams Textile Mills Ltd, trading with the symbol STML on the Pakistan Stock Exchange, reported negative earnings for the year ending June 2023. The company, which has a paidup capital of Rs. 23.20 million, recorded an Earnings Per Share (EPS) of Rs. 17.74 for January 2024, reflecting its performance for the fiscal year 2022/2023. The stock saw a turnover of 13,000 shares, with prices ranging from Rs. 28 to Rs. 0. Listed in 1970, Shams Textile Mills has faced challenges in the textile sector.