Mughal Iron & Steel Showcases Strong Growth with High EPS

Karachi, (PPI Bot): Mughal Iron & Steel Industries (MUGHAL) posted a robust earnings per share of Rs 11.75 from January to October 2023. The company's share rate closed at Rs 64.73 with a daily weighted average of Rs 65.25, bolstered by a paid-up capital of Rs 3,356.34 million. MUGHAL declared a 30% interim cash dividend, along with 16% regular and 15% bonus distributions, signaling a strong financial performance. The high share turnover of 129,654,929 shares reflects the market's positive response to the company's aggressive growth strategy since its listing in 2015.