Biafo Industries Ltd. Continues Strong Performance with High Dividends

Islamabad, Biafo Industries Ltd. (BIFO), a player in the chemical sector since 1994, announced a remarkable EPS of Rs 92 for January to March 2024. The company has been generous to its shareholders, offering a 43% cash and 10% bonus dividend in 2022, and even higher, a 53% dividend in 2023. Shares today reached a high of Rs 106.33 with a daily weighted average rate of Rs 103.72. Biafo’s paid-up capital is Rs 463.83 million, with a par value of Rs 10 per share and a market lot of 100 shares.