Karachi: Hafiz Limited has disclosed its financial results for the fiscal year ending June 30, 2024, and announced forthcoming corporate activities including dividends and an annual general meeting (AGM). The company's board met on October 3, 2024, to finalize these outcomes and initiate planning for their 24th October AGM.

Hafiz Limited reported a final cash dividend of Rs. 2.5 per share, marking a total annual payout of 25% following an interim dividend. Additionally, the board has proposed the issuance of interim bonus shares, further rewarding its shareholders. The AGM is slated for October 24, 2024, at 2:30 pm at the company's headquarters in Karachi, with significant attendance anticipated from the company’s shareholders.

According to information available from the Pakistan Stock Exchange (PSX), Hafiz Limited has shown a notable year-over-year increase in net sales and net profit, which grew to Rs. 33,833.463 million and Rs. 524,582.293 million, respectively. These financial gains are reflective of the company's robust operational performance and strategic initiatives over the past fiscal year.

The company will close its share transfer books from October 17 to 24, 2024, to facilitate the dividend payment and ensure all eligible shareholders are accounted for in time for the entitlement. The fiscal details and future projections will be discussed in depth at the forthcoming AGM, where further insights into corporate strategy and operational directives are expected.