Nishat Mills Ltd. Reports Strong Earnings Amid Challenging Textile Market

Karachi, (PPI Bot): Nishat Mills Ltd., a leading entity in Pakistan’s textile composite industry, announced significant financial results for 2023, per Pakistan Stock Exchange data. The company’s stock symbol, NML, showcased a closing rate of Rs. 77.84 and a daily weighted average rate of Rs. 79.38. With a paid-up capital of Rs. 3,516.00 million, Nishat Mills indicated a healthy financial standing, ending the fiscal year in June. The company declared distributions of 40% in 2021 and 2022, which increased to 50% in 2023. The stock experienced a high rate of Rs. 70.99 and a low of Rs. 16.84 within the year, with an earnings per share (EPS) of Rs. 70.99 for 2021/2022, reflecting significant growth.

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