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Asim Textile Mills Reports No Dividend Despite Market Challenges

Karachi, Asim Textile Mills Ltd. (ASTM), announced its yearly financial outcomes for the period ending in June 2023. With a challenging year, the company managed to post an EPS of Rs. 12.62, compared to Rs. 6.31 in the previous year. Despite the positive earnings growth, Asim Textile Mills did not announce a dividend for its shareholders. The company’s stock was traded at a daily weighted average rate of Rs. 13.38, and it saw a turnover of 2,355,000 shares. Established in 1991, ASTM continues to navigate through market fluctuations while focusing on its core textile business.

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