Karachi, Merit Packaging Ltd. (MERIT), part of the competitive paper and board industry, has reported a challenging first quarter in 2024 with negative earnings. The company, which has been listed on the Pakistan Stock Exchange since 1985, recorded an earnings per share (EPS) of Rs 0.68 for JanuaryMarch 2024. Despite these challenges, MERIT continues to strive for turnaround strategies to improve its financial standing. With a paidup capital of Rs 1,999.58 million and a high volume of trade totaling 10,889,000 shares, the day's trading saw share prices moving between Rs 11.00 and Rs 13.95, reflecting the market's reaction to its current financial performance.