Matco Foods Limited Announces Dividend After Solid Earnings

Karachi, Matco Foods Limited (MFL), a significant player in the food and personal care products sector, reported an earnings per share (EPS) of Rs. 4.54 for the year ending June 2023. The company declared a 15% dividend for 2023, marking a positive financial performance. MFL's stock traded at Rs. 28.80, closely reflecting its daily weighted average of Rs. 28.78. With a trading volume of 3,071,500 shares, the stock fluctuated between Rs. 40 and Rs. 26.69. Since its 2018 listing, Matco Foods has established itself as a leading market participant, supported by a paid-up capital of Rs. 1,224.01 million.