Allied Rental Modaraba Reports Significant Earnings Growth in January-March 2024 Period

Karachi, Allied Rental Modaraba (ARM), listed on the Pakistan Stock Exchange under the symbol ARM, has shown a substantial increase in its earnings per share (EPS) for the January to March 2024 period, reporting an EPS of Rs. 28.82 compared to Rs. 1.37 in the same period last year. Despite this impressive growth, the company has not announced any dividend distribution. ARM's current trading rate stands at Rs. 2,200.00 with a high trading rate of Rs. 67500 this year. The company, which has been a part of the stock market since 2007, reported no turnover and maintains a market lot of 500.