K-Electric Ltd Reports Modest Earnings, No Distribution Declared

Karachi, K-Electric Ltd (KEL), with a significant paid-up capital of Rs. 96,653.18 million, reported modest earnings with an EPS of Rs. 0.44 for the fiscal year ending June 2023. The company’s daily weighted average rate was Rs. 5.44, marginally higher than the previous rate of Rs. 5.40. Despite the earnings, K-Electric did not declare any distribution. Listed since 1949, the company maintains a market lot of 1. The previous book closure date was 20/10.

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