Towellers Limited Announces Substantial Year-End Distributions

Karachi, Towellers Limited (TOWL) traded closely around its daily average rate, closing at Rs. 159.23 against Rs. 158.85. The company, with a paid-up capital of Rs. 170.00 million, announced a 120% dividend and a 130% bonus for the fiscal year. Listed since 1995, Towellers reported an EPS of Rs. 145.02 for the first quarter of 2024.