Yousaf Weaving Mills Reports a Drop in Earnings, No Dividend Announced

Lahore, Yousaf Weaving Mills Ltd (YOUW), a textile company listed since 1989, reported an EPS of Rs. 3.07 for the January-March 2024 period, marking a decrease from its daily weighted average rate of Rs. 3.45 to Rs. 3.50. With a substantial paid-up capital of Rs. 1,360.00 million, the company did not announce any dividend for 2022 or 2023, reflecting a challenging financial period. The financial announcement was made with a last book closure on October 20, indicating a period of reflection for the company’s strategic direction.