Ideal Spinning Mills Ltd Faces Challenges in First Quarter Performance

Peshawar, Ideal Spinning Mills Ltd (IDSM) encountered challenges in its first-quarter performance, reflecting a mixed outcome on the main board of the Pakistan Stock Exchange. The company reported a current rate of Rs. 99.20 with a paid-up capital of Rs. 990 million. Despite distributing a 20% dividend for the year ending June, Ideal Spinning Mills faced market volatility, with a turnover of Rs. 55.85 million. Since its listing in 1991, the company has struggled to maintain consistent growth, reflecting in its earnings per share of (55.85) for the year 2022/2023.