HiTech Lubricants Ltd. Reports Negative Earnings, Despite Market Presence

Lahore, HiTech Lubricants Ltd. (HTL), known for its lubricant products, disclosed a negative earnings per share (EPS) of Rs. (0.67) for the year ending June 2022/2023. With a significant paidup capital of Rs. 1,392.05 million, the company declared a 38% dividend for its shareholders. The stock witnessed a high trading rate of Rs. 30.59 and a low of Rs. 22, leading to a substantial turnover of 18,258,500. Since its listing in 2016, HTL continues to navigate through the competitive market with its diverse product range.