Pakistan Hotels Developers Navigate Challenges with Strategic Dividend Policy

Karachi, Pakistan Hotels Developers (PHDL), known for its landmark hospitality ventures, reported a negative earnings per share (EPS) of Rs (2.62) for the year ending in June 2024. Despite facing financial challenges, the company declared a 40% dividend in 2022 and reduced it to 20% in 2023, with an additional 60% interim distribution. Trading at Rs 490.00, PHDL experienced a turnover of 226,400 shares. Since its listing in 1981, with a paid-up capital of Rs 180.00 million, Pakistan Hotels Developers remains focused on overcoming the current downturn and reinforcing its market position.