Modaraba Al-Mali Faces Challenges with Negative Earnings Report

Karachi, Modaraba Al-Mali (MODAM) disclosed a disappointing financial performance for the January-February 2024 period, with an earnings per share (EPS) of -0.05. Despite the setback, the company announced a 14.34% return to its shareholders. Listed on the Pakistan Stock Exchange since 1987, Modaraba Al-Mali has a considerable paid-up capital of Rs. 908.17 million but has not indicated any dividend distributions for the previous fiscal year.