Dewan Farooque Spinning Faces Downturn with Negative EPS

Karachi, Dewan Farooque Spinning (DFSM), a key entity in the textile spinning industry since 2005, reported a negative earnings per share (EPS) of Rs. (2.93) for the year ending in June 2022/2023. With a paidup capital of Rs. 977.51 million, the company’s stock experienced a trading range between Rs. 3.9 and Rs. 2.77, with a daily weighted average rate of Rs. 3.50. Despite facing challenges, Dewan Farooque Spinning recorded a turnover of 14,201,000. The last book closure was on October 19.

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