Merit Packaging Ltd. Struggles with Negative Earnings Amid No Dividends

Karachi, Merit Packaging Ltd., symbolized by MERIT, faced challenges with negative earnings, posting an EPS of -0.68 for January to April 2024. According to the Pakistan Stock Exchange (PSX), no dividends were declared for 2022 or 2023. The company saw a trading volume of 14,606,500 shares. Merit Packaging has been listed since 1985 and operates with a market lot size of 10 shares and a paid-up capital of Rs. 10 million.