Gadoon Textile Mills Ltd. Reports High Earnings and Share Price Increase

Karachi, Gadoon Textile Mills Ltd. (GADT) reported substantial financial gains with an EPS of Rs. 117.44 for the first quarter of 2024, significantly up from the previous year. Despite not declaring any distributions for the current period, the company’s shares reached a peak rate of Rs. 280.30, from a starting rate of Rs. 180.01, marking a notable increase. The share turnover was high at 106,000. Gadoon Textile’s previous book closure was recorded on September 19, 2022.