Dawood Lawrencepur Limited Announces Second Quarter Financial Results and Dividend Payment

Karachi: Dawood Lawrencepur Limited has released its un-audited financial results for the quarter and six-month period ending June 30, 2024. The Board of Directors, meeting at the Dawood Centre and via video-link, approved these results and declared an interim cash dividend.

According to information available from the Pakistan Stock Exchange (PSX), the company will distribute a cash dividend of Rs. 3 per share, representing a 30% payout, to shareholders registered by September 9, 2024. The Share Transfer Books will remain closed from September 10 to September 11, 2024, with transfers processed up to the close of business on September 9 being considered for the dividend.

For the half-year ending June 30, 2024, the unconsolidated financial statement reflects a profit after taxation of 542.92 million rupees, an increase from 611.93 million rupees in the corresponding period the previous year. The consolidated statement shows a profit for the period of 206.10 million rupees, compared to 444.58 million rupees year-over-year.

The financial statements detail various income and expense items, including dividend income of 483.46 million rupees and administrative expenses totaling 121.10 million rupees for the unconsolidated results. The consolidated results for the same period show a gross profit of 17.90 million rupees, with significant contributions from associate companies boosting the pre-tax profit to 844.94 million rupees.

This financial update reflects Dawood Lawrencepur Limited’s operational activities and financial health as it continues to navigate the market dynamics.

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