Altern Energy Ltd. Struggles Despite Substantial Distribution

Karachi, Altern Energy Ltd. (ALTN) closed at Rs. 20.33, with a daily average rate of Rs. 20.67. The company’s paid-up capital is Rs. 3,633.80 million. It declared no distributions for 2021, but a significant 185% for 2022 and 47% for 2023. The highest rate in 2023 was Rs. 27.88, and the lowest was Rs. 12.4, with a turnover of 49,673,000 shares. However, the company reported a negative EPS of Rs. (0.23).

Check Also

Pakistan Rejects Indian MEA’s Statement on Anti-Terror Actions in Afghanistan

Islamabad: Pakistan rejects the baseless statement by the Indian Ministry of External Affairs on Islamabad's legitimate, targeted and proportionate actions against terrorist infrastructure in Afghanistan. This was stated by Spokesperson of the Ministr...