Descon Oxychem Ltd. Details Financial Outcomes and Dividend Plans

Karachi, Descon Oxychem Ltd. (DOL) today reported its financial results with an earnings per share of Rs. 19.25 for the first quarter of 2024. The chemical company announced a 20% cash dividend and plans for a 40% bonus distribution. The stock's trading rate today was Rs. 20.68, a slight increase over its daily weighted average rate of Rs. 20.79. Descon Oxychem, which has a paid-up capital of Rs. 1,750.31 million, was listed on the stock exchange in 2008.