Al-Abbas Sugar Mills Posts Robust Growth in Distributions

Karachi, Al-Abbas Sugar Mills Ltd. (AABS), a prominent player in Pakistan’s sugar industry, announced significant increases in distributions for the fiscal year ending September 2023. The company declared a 550% distribution, a notable rise from the previous year’s 560%. The share price peaked at Rs. 544, with a low of Rs. 328.44. Despite the volatile market, the company managed a turnover of 216,400 shares. Al-Abbas, listed in 1992, continues to maintain a strong position in the market with its latest Earnings Per Share (EPS) reported at Rs. 212.22.