Altern Energy Ltd. Reports Increased Earnings for Jan-Mar 2024

Karachi, Altern Energy Ltd. (ALTN), a prominent player in the power generation and distribution sector, has announced its earnings for the period January to March 2024. The company reported an impressive earnings per share (EPS) of Rs. 18.76, reflecting its robust performance in the sector. Altern Energy Ltd., which has been listed on the Pakistan Stock Exchange since 1998, has a paid-up capital of Rs. 3,633.80 million. Despite a slight fluctuation in today’s rate and the daily weighted average rate, standing at Rs. 20.36 and Rs. 20.25 respectively, the company has maintained a steady presence in the market. It has announced distributions of 185% in 2022, 47% in 2023, and a remarkable 62.50% (II) for 2024. The par value per share is noted at Rs. 10, with a market lot size of 500 shares. The previous book closure was on April 2, highlighting the company’s financial calendar and its commitment to shareholder returns.