Biafo Industries Announces Dividend and Bonus

Karachi: Biafo Industries Ltd. (BIFO) has declared a 40% dividend and 10% bonus for 2021 and a 43% dividend with a 10% bonus for 2022, followed by a 53% dividend for 2023. The stock is trading at Rs. 77.30, with a daily average of Rs. 77.24. The company, with a paid-up capital of Rs. 463.83 million, saw its shares touching Rs. 82.5 at its highest and Rs. 53.7 at its lowest this year. BIFO was listed in 1994, has a turnover of 4,114,500, and an EPS of Rs. 6.63 for 2021/2022.

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