Suraj Cotton Mills Ltd. Reports Decline in Distributions for 2023

Karachi, Suraj Cotton Mills Ltd., identified by the symbol SURC on the Pakistan Stock Exchange, announced a decline in distributions for the year ending June 2023. The company, with a paid-up capital of Rs. 488.10 million, reported a 100%10%B distribution in 2021 and 40% in 2022, but only 10%10%B in 2023. The stock traded at Rs. 146.00, with an EPS of Rs. 63.43 for January-November 2023. The turnover was 114,200. Suraj Cotton Mills has been on the exchange since 1988, with its last book closure on October 21, 2022.