Bannu Woollen Mills Ltd Faces Decline in Earnings Amid Market Challenges

Karachi, Bannu Woollen Mills Ltd has reported a significant drop in earnings for the year ending in April 2024, as per the latest financial announcements from the Pakistan Stock Exchange (PSE). The company’s daily weighted average rate stood at Rs. 27.11, with a paid-up capital of Rs. 29.33 million. Despite a high turnover of 1,785,000 shares, the company reported an EPS of (36.10) for 2022/2023. The book closure date was October 16, with no distributions declared for the year. The company has been listed on the PSE since 1992.