KARACHI: The board of directors of Nishat Mills Ltd in a meeting held on Sept 26 declared a gross profit of Rs21 billion and a net profit of Rs12.1bn for 2022-23.

The company also announced a final cash dividend of Rs5 per share, a press release said on Wednesday.

IMC shuts plant for 12 days

Indus Motor Company (IMC) on Wednesday announced that production activities would remain suspended from Sept 28 to Oct 9 due to parts shortages.

In a stock filing on Wednesday, it said in case of any change in plan would be updated accordingly.

IMC’s production plant was also shut from July 21 to Aug 3 followed by from Aug 25 to Sept 6 due to low demand and inventory levels.

Published in Dawn, September 28th, 2023

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Closed doors
Updated 08 Jan, 2025

Closed doors

The nation’s fate has been decided through secret deals for too long, with the result that the citizenry has become increasingly alienated from the state.
Debt burden
08 Jan, 2025

Debt burden

THE federal government’s total debt stock soared by above 11pc year-over-year to Rs70.4tr at the end of November,...
GB power crisis
08 Jan, 2025

GB power crisis

MASS protests are not a novelty in Pakistan, and when the state refuses to listen through the available channels —...
Fragile peace
Updated 07 Jan, 2025

Fragile peace

Those who have lost loved ones, as well as those whose property has been destroyed in the clashes, must get justice.
Captive power cut
07 Jan, 2025

Captive power cut

THE IMF’s refusal to relax its demand for discontinuation of massively subsidised gas supplies to mostly...
National embarrassment
Updated 07 Jan, 2025

National embarrassment

The global eradication of polio is within reach and Pakistan has no excuse to remain an outlier.