Highnoon Laboratories Ltd. Announces Dividend Amid Outstanding Earnings

Karachi, Highnoon Laboratories Ltd. (HINOON), a key player in the pharmaceuticals sector, declared a 15% bonus dividend for 2024, following an impressive 200% dividend and a 10% bonus in the previous year. The stock experienced robust trading, reaching a high of Rs. 556 and a low of Rs. 465.5, resulting in a turnover of 1,157,500 shares. The daily weighted average rate was Rs. 515.81, closely aligning with the day’s rate of Rs. 516.53. Highnoon Laboratories, boasting a paid-up capital of Rs. 529.83 million, reported an exceptional EPS of Rs. 57.71* for Jan-Feb 2024, underlining its strong financial health and market position.