Quetta Textile Mills Ltd. Faces Challenges in 2023

Karachi, (PPI Bot): Quetta Textile Mills Ltd., another key player in Pakistan’s textile industry, has faced a challenging period in 2023. The company’s stock, QUET, has seen a slight increase in its daily weighted average rate, closing at Rs. 8.50 and averaging at Rs. 8.56. Despite this marginal growth, the company’s financial health seems strained, with a noticeable decline in earnings per share (EPS), which stands at negative Rs. 28.33 for the year 2021/2022.

Listed since 1971, Quetta Textile Mills has a paid-up capital of Rs. 130.00 million and has not declared any distributions in 2021, 2022, or 2023. This lack of dividends may reflect the company’s need to conserve resources amidst a challenging market environment. The stock’s performance, with a high rate of Rs. 22.03, contrasts sharply with its low rate, indicating volatility and potential uncertainty in its future market performance.

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