Aisha Steel Mills Faces a Significant Drop in Earnings Per Share

Karachi, Aisha Steel Mills Ltd. (Ticker: ASL) today reported a substantial drop in its earnings per share for the January to March 2024 quarter, recording a loss of Rs. 3.56 per share. The company's share price also saw a decrease, closing at Rs. 7.13 with a trading volume of 99,025,076 shares. Despite its extensive trading activity, there has been no dividend distribution, with the company holding a significant paid-up capital of Rs. 9,248.01 million. Aisha Steel was originally listed in 2012 and has faced fluctuating market conditions since then.