DM Textile Mills once again urges PSX to remove defaulter status

MG News | July 04, 2024 at 11:03 AM GMT+05:00

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July 04, 2024 (MLN): D.M. Textile Mills Limited (PSX: DMTX) has once again requested the Pakistan Stock Exchange (PSX) to remove its name from the defaulter segment in this stage of a difficult environment.

In its progress report for the quarter ended June 30, 2024, issued to PSX today, the company stated that DMTX has been able to pay off its entire long-term liabilities of the banks which is a great achievement.

Furthermore, the company stated that it has limited income to cover its day-to-day expenses.

“The management has positive intention and capability to revive the company subject to improvement in the business environment”, the notification further added.

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