Pakistan Paper Products Limited Announces Increase in Profits and Dividends for Q1 2024

Karachi, Pakistan Paper Products Limited (PPP), a key entity in the paper products industry, has reported a significant increase in its earnings and dividends for the first quarter of 2024. Since its listing on the Pakistan Stock Exchange in 1964, PPP has shown consistent growth in its financial performance. The company's earnings per share rose to Rs 11.13 for JanuaryMarch 2024. In terms of dividends, PPP increased its payout from 25% in 2022 to 40% in 2023, indicating a strong financial position and commitment to rewarding its shareholders. With a paidup capital of Rs 80.00 million and a trading volume of 212,000 shares, the day's share price moved between Rs 68.40 and Rs 71, reflecting positive investor sentiment.