U.D.L. Modaraba Announces Modest Dividend Despite Negative Earnings

Karachi, U.D.L. Modaraba has announced a 19% dividend for its shareholders, amidst a challenging fiscal year reporting a negative earnings per share (EPS) of Rs. (0.07) for 2022/2023. The company, with a paid-up capital of Rs. 351.21 million and listed since 1991, continues to navigate the financial sector's complexities. Operating under the Modaraba framework, U.D.L. Modaraba's decision to distribute dividends despite negative earnings highlights its commitment to maintaining investor confidence through fiscal difficulties.