Adam Sugar Mills Announces Modest Dividends Amid Stable Share Prices

Karachi, Adam Sugar Mills Ltd., trading under the symbol ADAMS on the Pakistan Stock Exchange, has posted a steady share price of 38.00 rupees in its recent trading update. The company’s daily weighted average rate mirrored this figure. Its shares reached a high of 38.00 rupees and a low of 32.3 rupees in turnover. Despite modest earnings, Adam Sugar Mills announced a 25% distribution on par value for the current year, a decrease from a 15% interim distribution the previous year. Founded in 1967, the company reported an EPS of 38.00 rupees for the first quarter of 2024.