Suraj Cotton Mills Ltd Announces 40% Dividend Despite Negative Earnings

Karachi, Suraj Cotton Mills Ltd, operating under the symbol SURC on the Pakistan Stock Exchange, declared a 40% dividend for its shareholders for the year ending June 2023, despite reporting negative earnings. The company’s paidup capital stands at Rs. 488.10 million, with an Earnings Per Share (EPS) of Rs. 9.29 for January 2024. The trading session saw a turnover of 3,600 shares, with the stock price moving between Rs. 125 and Rs. 120. Suraj Cotton Mills, listed in 1988, remains a key entity in the textile industry.