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Karachi, Biafo Industries Ltd. (BIFO), listed on the Pakistan Stock Exchange, announced a robust dividend yield for its shareholders for the fiscal year ending June 2022. The company declared dividends of 43% and a bonus of 10%, followed by an even higher distribution of 53% for 2023. Biafo Industries, with a paidup capital of Rs. 463.83 million, recorded an earnings per share of Rs. 13.10 for the quarter ending March 2024. The shares traded at a high of Rs. 129.75, with a significant turnover of 2,903,100 shares. The last book closure was in October 2023, emphasizing the company’s commitment to rewarding its investors. Biafo Industries has been a noteworthy participant in the stock market since 1994.
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