Alter Energy Ltd. Reports Decline in Earnings for Q1 2024

Karachi, Alter Energy Ltd., listed under the symbol ALTN at the Pakistan Stock Exchange, reported a significant drop in earnings for the first quarter of 2024, posting an earnings per share (EPS) of -0.20. The company’s trading today closed at Rs. 20.89 with a daily weighted average rate slightly higher, indicating some trading volatility. Despite its performance issues, Alter Energy declared a 185% distribution for the previous fiscal year, with a market lot size of 10 shares. The stock hit a high of Rs. 24.79 and a low of Rs. 9,441,000 during the session, reflecting substantial investor interest.