Al Shaheer Corporation Announces Retained Earnings Amidst High Turnover

Karachi, Al Shaheer Corporation Ltd. (ASC) has declared retained earnings for the year ending June 2021 at 50%, with no distributions for 2022 and a retained earnings rate of 25% for 2023. Today’s rate stands at Rs. 10.52, with a daily weighted average slightly higher at Rs. 10.57. The company’s paid-up capital is a significant Rs. 3,749.24 million. Listed in 2015, the previous book closure was on 22/11. The high rate for January to November 2023 was Rs. 11.75 with a low of Rs. 6.2, resulting in an impressive turnover of 262,240,561. The earnings per share (EPS) for 2021/2022, however, was modest at Rs. 0.38.