Habib Modaraba Showcases Strong Growth with Significant Dividend Payout

Karachi, Habib Modaraba 1st (FHAM) has reported a remarkable financial performance for the year ending June 2024, underlining its strong position in the market. Founded in 1985, the company recorded a daily weighted average rate of Rs. 7.48, with a high of Rs. 7.4 and a low of Rs. 6.81, based on an impressive turnover of 3,080,500. Habib Modaraba announced a 20% dividend payout, coupled with a 20% bonus, reflecting its robust financial health. The earnings per share (EPS) for the year 2022/2023 was reported at Rs. 2.34, with a paid-up capital of Rs. 1,108.31 million, indicating the company's significant growth and profitability.