Aisha Steel Mills Faces Challenges, Posting Negative Earnings in H1 FY2024

Karachi, Aisha Steel Mills Limited (ASL), has experienced a challenging half-year, recording a negative earnings per share (EPS) of -3.56 for January to February 2024. Despite a significant turnover of 81,244,977 units, the steel manufacturer, which became public in 2012, did not distribute dividends to its shareholders during this period. With a high stock rate of 9.20 and a low of 6.30, the company’s financial performance underscores the volatility in the steel sector. Aisha Steel Mills has a total paid-up capital of Rs. 9,248.01 million.