Hum Network Ltd. Decreases Dividend Amid Positive Earnings

Karachi, Hum Network Ltd. (HUMNL), a prominent broadcaster in the technology and communication sector, declared a 20% bonus dividend for 2024, down from 35% in the previous year, despite positive earnings. The company’s stock experienced extensive trading, with highs of Rs. 7.29 and lows of Rs. 6, leading to a turnover of 107,042,500 shares. The daily weighted average rate was Rs. 6.53, slightly below the day’s rate of Rs. 6.60. With a paid-up capital of Rs. 1,134.00 million, Hum Network reported an EPS of Rs. 1.90 for Jan-Feb 2024, showcasing its enduring appeal and financial stability.