Agritech Limited Reports Negative Earnings Amid High Turnover

Business & Finance

Karachi, Agritech Limited, a prominent player in the chemical sector listed on the Pakistan Stock Exchange, disclosed a significant turnover with a daily weighted average rate of 18.72 and a turnover of 158,959,000 shares. Despite the high activity, the company reported a negative earnings per share (EPS) of -7.53 for the period of January to February 2024, compared to the previous year. With a paid-up capital of 3,924.30 million Rs., Agritech Limited did not announce any distributions for the period, maintaining its market lot at 500. The company, listed in 2010, faced a challenging financial period without distributing dividends or bonus shares to its shareholders.