Adam Sugar Mills Reports Decrease in Dividend Amid Modest Earnings

Karachi, Adam Sugar Mills Ltd. (ADAMS) announced a reduced dividend of 25%, down from an interim (I) 15% in the previous year. Despite the downturn, the stock reached a peak of Rs. 42.99 and a low of Rs. 493000, with earnings per share at Rs. 5.86. The sugar producer, which has been in the market since 1967, will close its register on August 4, signaling a cautious outlook.