Jauharabad Sugar Mills Announces 10% Dividend Amid Market Fluctuations

Business & Finance

Karachi, Jauharabad Sugar Mills Ltd. (JSML), a prominent player in Pakistan's sugar industry, declared a 10% dividend for its shareholders for the fiscal year ending in September 2023. The company, listed on the Pakistan Stock Exchange since 1973, reported a daily weighted average rate of Rs. 19.03, with a high and low of Rs. 20 and Rs. 15.2 respectively, in January 2024 trading. Despite market fluctuations, JSML managed a turnover of 950,500 shares, showcasing resilience with an earnings per share (EPS) of Rs. 6.22.