Nadeem Textile Mills Ltd Reports Drastic Earnings Decline

Karachi, Nadeem Textile Mills Ltd (NATM), a company in the textile spinning segment of the Pakistan Stock Exchange, faced a significant earnings decline, reporting an earnings per share (EPS) of Rs. (27.31) for the year ending June 2023. The company, which declared a 60% dividend for 2022 but none for 2023, traded at Rs. 89.00. Despite the adverse financial results, NATM maintained market engagement with its shares trading, though specific trading volume details were not disclosed. Founded in 1995, Nadeem Textile has a paidup capital of Rs. 212.67 million, navigating through challenging market conditions to sustain its operations.