Highnoon Laboratories Announces Exceptional Dividends Amid Record Earnings

Karachi, Highnoon Laboratories Ltd., trading as HINOON, has declared an impressive dividend schedule with 200% and an additional 10% bonus for 2022, escalating to 15% bonus and 300% by the end of 2023. Today’s trading rate of Rs. 680.49, closely mirroring its daily average of Rs. 681.45, is backed by a paid-up capital of Rs. 529.83 million. According to information available from the Pakistan Stock Exchange (PSX), Highnoon Laboratories is leveraging its robust earnings to fund extensive research and development.

Stock performance showed a high of Rs. 605 and a low of Rs. 465.5 during January to April 2024, with a turnover of 1,764,850 shares. The earnings per share dramatically increased to Rs. 57.71 for 2022/2023. Highnoon Laboratories has been listed since 1995, with its last book closure on April 22, 1995.