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