Lalpir Power Ltd. Reports Mixed Performance: Sharp Dividend Increase Amidst Negative EPS

Karachi (PPI Bot): Lalpir Power Ltd., listed on the Pakistan Stock Exchange, experienced a dynamic year with a substantial dividend increase and fluctuating share prices. The company’s daily weighted average rate stood at PKR 20.77, with a paid-up capital of Rs. 3,798.39 million. Despite the challenges, Lalpir Power announced a significant increase in its distribution for 2023, offering a 150% interim dividend, a notable rise from 20% in 2021 and 35% in 2022. The company’s shares reached a high of Rs. 32.97 and a low of Rs. 12.71, with a total turnover of 216,507,537 shares. However, the earnings per share (EPS) for 2021/2022 were negative at Rs. (2.12), indicating underlying financial strains.