Shahzad Textile Mills Ltd Struggles with Significant Loss

Karachi, Shahzad Textile Mills Ltd, trading as SZTM, has recorded a notable loss, with earnings per share falling to Rs. (14.98) in the early months of 2024. Despite a daily weighted average rate of Rs. 179.71, the company has not declared any distributions for the previous fiscal year. Shahzad Textile Mills, which was listed on the Pakistan Stock Exchange in 1983, has a paid-up capital of Rs. 500 million, with its most recent book closure on October 19.