Colony Textile Mills Ltd. Encounters No Dividend Declaration with Steady Share Price

Karachi: Shares of Colony Textile Mills Ltd. (CTM) closed at Rs. 2.26, narrowly above its daily weighted average rate. Holding a substantial paid-up capital of Rs. 4,980.10 million, the company has not declared any dividends in the recent years. CTM, which has been listed since 2014, had a high share price of Rs. 3.1 and a low of Rs. 1.55 during the year, with an active turnover of 9,058,000 shares. The EPS remained modest at Rs. 1.50 for the year ending June 2021/2022.

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