Colony Textile Mills Ltd Reports Modest Growth with No Dividend Distribution

Karachi, Colony Textile Mills Ltd (CTM), a significant entity in the textile sector, disclosed its financial results for the year ending June 2023. The company’s daily weighted average rate was Rs. 2.87, with a substantial paid-up capital of Rs. 4,980.10 million. CTM experienced a market high of Rs. 4.20 and a low of Rs. 1.55, with a turnover of 29,034,000 shares. The company did not announce any dividend for the year. The Earnings Per Share (EPS) for January-December 2023 was Rs. 1.66.