Shell (Pakistan) Ltd. Faces Loss, Declares Dividend

Karachi, Shell (Pakistan) Ltd. (SHEL), a major player in the Oil & Gas Marketing sector, has reported a loss in its earnings per share (EPS) for the year ending January 2024, with the EPS at Rs. (0.34). Despite the downturn, the company declared a 30% dividend and an additional 50% interim dividend. Shell's stock traded at a daily weighted average rate of Rs. 135.49, with today's rate being Rs. 137.06. The company, which has a paid-up capital of Rs. 2,140.25 million, has been a part of the Pakistan Stock Exchange since 1970. The dividends announced suggest a commitment to maintaining shareholder value despite the financial challenges.