Adam Sugar Mills Reports Modest Dividend Amid Market Fluctuations

Stock Exchange Announcements

Karachi, Adam Sugar Mills Ltd. (ADAMS), a stalwart in the Pakistani sugar industry since 1967, recently announced its financial results for the year ending September 2022/2023. The company declared a dividend of 15% (interim), a slight decrease from the previous year's 25%. This announcement comes alongside an EPS of 5.86 rupees for the period of January - February 2024. Despite the modest dividend, Adam Sugar Mills experienced significant market activity, with a turnover of 401,500 shares and a share price movement between 42.99 rupees and 32.3 rupees. The paid-up capital stood at 38.55 million rupees, reflecting the company's steady presence in the market.