Murree Brewery Announces Robust Financial Results and Dividend Payout

Rawalpindi: Murree Brewery Company Limited has declared a final cash dividend of Rs. 15 per share for the fiscal year ending June 30, 2024, representing a 150% dividend rate. This dividend follows interim dividends already paid at Rs. 25.5 per share, or 255%. The company’s board of directors confirmed these financial entitlements during their meeting on September 20, 2024.

According to information available from the Pakistan Stock Exchange (PSX), the company’s financial outcomes reflect substantial growth. For the year ended June 30, 2024, Murree Brewery posted a net turnover of Rs. 23.80 billion, a significant increase from the previous year’s Rs. 18.59 billion. The gross profit soared to Rs. 5.59 billion up from Rs. 3.50 billion, driven by efficient cost management and increased sales volumes.

The detailed financial results highlighted in the company’s statement of profit or loss indicated operational profitability with a total operating profit of Rs. 3.43 billion, doubling from Rs. 1.70 billion reported last year. Finance income also grew notably to Rs. 721.63 million, from Rs. 420.09 million, enhancing the company’s profit before income tax which stood at Rs. 4.07 billion, up from Rs. 2.09 billion.

No bonus shares or rights shares were announced, and no other major corporate actions were declared. The financial statements will be available on the company’s website and transmitted through PUCARS 21 days prior to the Annual General Meeting scheduled for October 25, 2024, in Rawalpindi.

The share register will close from October 18 to October 25, 2024, with entitlements to the announced dividend being accorded to shareholders listed as of October 17, 2024. The company emphasized that transfers received at the close of business in Karachi on October 17 will be processed timely for dividend entitlement and AGM participation.

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