Merit Packaging Ltd. Faces Negative Earnings Despite High Dividend Rate

Karachi, Merit Packaging Ltd. (MERIT) announced a 148% return for the year amidst a negative earnings per share of Rs. (7.01). The company, with a significant capital of Rs. 1,999.58 million, saw its shares trade between Rs. 11.55 and Rs. 7.1, with a daily weighted average rate of Rs. 10.51. Merit Packaging, which has been on the stock exchange since 1985, experienced a turnover of 19,809,500 shares.