Pakistan Hotels Developers Reports Strong Quarterly Earnings

Karachi, Pakistan Hotels Developers (PHDL) announced today a robust performance for the January-March 2024 quarter, with earnings per share (EPS) reaching Rs. 407.05. The company, listed since 1981, reported a turnover rate of 480.04 today, with a daily weighted average rate of 486.57. PHDL declared a distribution of 40% for the current fiscal year, a decrease from 60% in the previous year but an increase from 20% in 2022. The company, with a paid-up capital of Rs. 180 million, maintains a market lot size of 100.