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Karachi, Artistic Denim Mills Limited announced its financial results for the nine-month period ending March 31, 2024, on Monday. The Board of Directors, during their meeting, confirmed no cash dividends, bonus shares, or rights shares would be issued.
The company, headquartered in the Korangi Industrial Area of Karachi detailed its financial outcomes in a statement, revealing a net turnover of 16,165,058 thousand rupees for the nine months, up from 12,469,373 thousand rupees during the same period last year. The net profit for the period stood at 817,509 thousand rupees.
Costs of sales rose to 14,153,822 thousand rupees, leading to a gross profit of 2,011,236 thousand rupees. The operating profit after accounting for distribution, administrative, and other operating expenses totalled 554,038 thousand rupees.
The earnings per share for the period were reported at 9.73 rupees. The full nine months report will be disseminated through PUCARS, as per regulatory requirements.