Idrees Textile Mills Ltd Faces Financial Challenges

Karachi, Idrees Textile Mills Ltd. (IDRT) has reported a challenging financial period, as evidenced by its latest announcement to the Pakistan Stock Exchange. The company’s earnings per share (EPS) for January-February 2024 stood at a negative 0.63, indicating a loss. Despite these challenges, the daily weighted average rate of its shares was reported at 198.53. Idrees Textile has not declared any distributions for this period, maintaining a paid-up capital of Rs. 10 per share and a market lot of 500. The firm, listed in 1992, saw its previous book closure on October 19, reflecting a period of financial difficulty.