Punjab Oil Mills Announces Dividend and Positive Earnings

Islamabad, Punjab Oil Mills Limited (POML) has declared a final cash dividend at the rate of 20% for the fiscal year ending January-February 2024, maintaining its tradition of rewarding shareholders. The company, listed on the Pakistan Stock Exchange in 1984, reported a daily weighted average rate of 112.42 rupees with a significant turnover, reflecting a healthy demand for its shares. With a paid-up capital of 100 million rupees, POML has demonstrated financial stability and growth, evidenced by an earnings per share (EPS) of 5.54 rupees for the fiscal year 2022/2023. This financial announcement is a testament to Punjab Oil Mills' strong market position and commitment to shareholder value.