Kohinoor Textile Mills Ltd. Posts Solid Earnings; Withholds 2023 Dividend

Karachi, Kohinoor Textile Mills Ltd. (KTML), a major entity in the textile composite sector since 1971, reported a respectable earnings per share (EPS) of 8.05. The company announced a 10% dividend for 2022 but did not disclose any dividend for 2023. KTML’s shares traded at Rs. 98.51, closely following the daily weighted average of Rs. 98.43. With a substantial paidup capital of Rs. 2,692.99 million, the stock peaked at Rs. 99 and dipped to Rs. 77.51, with a notable turnover of 609,244 shares, reflecting confidence in its steady financial performance.