Rawalpindi: Murree Brewery Co. Ltd. announced a significant increase in its profit for the quarter ended September 30, 2024, and declared an interim cash dividend of Rs. 5 per share at a rate of 50%. This announcement came following a meeting of the company's Board of Directors on October 25, 2024.

The financial results for the quarter revealed a net turnover of Rs. 7,103.99 million, up from Rs. 5,859.04 million in the same period of the previous year. The company reported a profit for the period of Rs. 913.86 million, an increase from Rs. 590.69 million in the third quarter of 2023. The earnings per share rose to Rs. 33.03 from Rs. 21.35, reflecting the company's improved financial performance.

According to information available from the Pakistan Stock Exchange (PSX), the company's cost of sales for the quarter was Rs. 5,185.99 million, compared to Rs. 4,440.24 million in the corresponding quarter last year. Murree Brewery's operating profit stood at Rs. 1,197.95 million, up from Rs. 859.05 million a year ago. The profit before income tax increased to Rs. 1,498.13 million, compared to Rs. 968.34 million in the previous year.

The interim cash dividend will be distributed to shareholders whose names appear in the Register of Members on November 04, 2024. The Share Transfer Books of the company will remain closed from November 05, 2024, to November 07, 2024, to facilitate the entitlement process.

Murree Brewery also stated that there will be no issuance of bonus or right shares, and no other corporate actions or price-sensitive information were disclosed. The company's quarterly report will be transmitted through PUCARS separately within the specified time frame.