AHTM clarifies non-disclosure of ICA information, citing insignificant impact

MG News | January 27, 2025 at 10:48 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

January 27, 2025 (MLN): Ahmad Hassan Textile Mills Limited (PSX: AHTM) clarified that the International Cotton Association (ICA) information was not communicated to the Exchange because the board of directors was of the opinion that it does not have a significant impact on operations, revenues, and profitability.

Several substitute alternatives were available in the market to use cotton, the company's filing on PSX revealed today.

Management is also trying to resolve the matter with the supplier and the ICA.

After the demerger in 2019, AHTM is now operating only as a weaving unit and requires raw materials in the form of yarn, rather than cotton.

In light of this, the company did not deem the mentioned news as price-sensitive information and has requested PSX to withdraw the notice.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,021.20 228.53M	-0.42% -718.25
ALLSHR	103,836.39 572.65M	-0.41% -422.85
KSE30	50,951.99 89.47M	-0.52% -264.77
KMI30	240,633.87 93.99M	-0.31% -756.80
KMIALLSHR	66,572.75 300.61M	-0.28% -185.59
BKTi	48,673.23 31.18M	-0.70% -343.86
OGTi	33,702.25 6.35M	-0.61% -205.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,715.00	64,825.00 63,875.00	500.00 0.78%
BRENT CRUDE	98.70	101.19 95.13	-1.99 -1.98%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.55 -1.44%
ROTTERDAM COAL MONTHLY	121.10	121.10 121.10	0.70 0.58%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	90.47	0.00 0.00	1.16 1.30%
SUGAR #11 WORLD	14.76	14.79 14.54	0.07 0.48%