Faran Sugar Mills Announces 25% Dividend Amid Strong Market Performance

Karachi, Faran Sugar Mills Ltd. NC (FRSM) reported a trading rate of Rs. 54.12, slightly under its daily average of Rs. 53.89. The company declared a 25% dividend for 2023. According to information available from the Pakistan Stock Exchange (PSX), Faran Sugar Mills, with a paid-up capital of Rs. 250.07 million, saw a turnover of 381,000 shares. The shares reached a high of Rs. 100.28 and a low of Rs. 57.1 during the first four months of 2024, with an EPS of Rs. 48.79 for 2022/2023.