Idrees Textile Mills Ltd. Faces Setback with Negative Earnings Report

Karachi, Idrees Textile Mills Ltd. (IDRT), listed on the Pakistan Stock Exchange, reported a negative earnings per share (EPS) of Rs. (0.63) for January-February 2024. The textile spinning sector company did not declare any dividends, maintaining a NIL distribution for the period. The shares of Idrees Textile Mills fluctuated to a low rate of Rs. 14.70, against a high paid-up capital of 198.53 million rupees. The trading activity was noted with a turnover of 16,000 shares, indicating investor interest despite the challenging financial performance.