Bata Pakistan Ltd. Announces Impressive Dividend Amidst Strong Performance

Karachi, Bata Pakistan Ltd., a leading player in the leather and tanneries sector, has announced a significant dividend payout of 1800% for the year ending December 2022. The company reported a daily weighted average rate of Rs. 1654.35, with a paidup capital amounting to Rs. 75.60 million. The previous book closure was noted on April 18, with an impressive turnover of 9,360 units. The earnings per share (EPS) for January 2024 stood at Rs. 115.65*, showcasing a robust performance. The high and low rates for the period were Rs. 1760 and Rs. 1653, respectively. Bata Pakistan has been a consistent performer since its listing in 1979, reflecting its strong foothold in the market.