Masood Textile Mills Reports Strong Earnings Amidst No Dividend

Karachi, Masood Textile Mills (MSOT), a major player in the textile composite sector, has reported a robust financial year ending June 2023. With a daily weighted average rate of Rs. 675.00 and a paid-up capital of Rs. 840.00 million, the company maintained a steady market performance, achieving a high rate of Rs. 59.02 and a low of Rs. 33.00. Despite strong earnings, MSOT did not declare any dividend for the year. The turnover was 777,000 shares, and the Earnings Per Share (EPS) for January-December 2023 was Rs. 38.54.