Cordoba Logistics & Ventures Ltd. Faces Challenges in Transport Sector

Business & Finance

Karachi, Cordoba Logistics & Ventures Ltd. (CLVL), a company in the transport sector, faced challenges in 2023. The company's stock traded at PKR 6.32 today, consistent with its daily weighted average rate. CLVL, with a paid-up capital of PKR 721.05 million, reported a negative earnings per share (EPS) of PKR (0.25) for January to November 2023. Since its listing in 1989, the company declared a significant 226.19% distribution in 2021 but none for the current year. The stock's high rate this year was PKR 4.6, reflecting a challenging market position.