Mahmood Textile Mills Reports Notable Dividend for Fiscal Year 2023

Lahore, Mahmood Textile Mills Ltd. (MEHT), a leading entity in Pakistan’s textile sector, announced a significant dividend payout of 60% for the fiscal year 2023. The announcement was made following the recent financial disclosures to the Pakistan Stock Exchange (PSE). The company, listed since 1973, also highlighted a substantial earnings per share (EPS) increase to Rs. 370 for the period from January to March 2024, up from the previous fiscal year. Despite the impressive performance, the company’s stock price saw a minor adjustment, with a high of Rs. 390.00 and a low of Rs. 389.50 during the trading session. This performance underscores Mahmood Textile Mills’ solid market position and operational success in a competitive industry.