LeatherUp Ltd. Faces Challenges with Negative Earnings

Karachi, LeatherUp Ltd., a company within the leather and tanneries industry, reported a negative earnings per share (EPS) of Rs. (0.55) for JanuaryFebruary 2024. Despite this setback, the firm continues its operations with a paidup capital of Rs. 10 million. LeatherUp Ltd., which was listed on the Pakistan Stock Exchange in 1994, has not announced any dividend for the current or previous year. The company's stock experienced a daily weighted average rate of Rs. 60.00, with a today's rate of Rs. 11.19, reflecting the challenges faced in the market.