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Rawalpindi, Murree Brewery Co. Ltd. has declared a substantial interim cash dividend following a Board of Directors meeting held on April 20, 2024, at its headquarters in Rawalpindi. The interim dividend of Rs. 10 per share, representing 100% of the share value, adds to the previously distributed dividends totaling Rs. 15.5 per share or 155%. This announcement was made as part of the company’s financial results for the nine months ending March 31, 2024.
The company reported a robust financial performance with a net turnover of Rs. 16,043,074,000 for the nine-month period, a significant increase from the previous year’s Rs. 13,158,021,000. The gross profit stood at Rs. 4,058,410,000, up from Rs. 2,689,944,000, driven by efficient cost management and increased sales volume. The profit before tax rose to Rs. 2,935,047,000 from Rs. 1,453,142,000, marking a substantial improvement over the prior year.
Shareholders registered by April 30, 2024, will be eligible for the dividend, with the share transfer books remaining closed from May 1 to May 3, 2024. Murree Brewery emphasized that all transfers received by the end of business on April 30 will be processed in time for the entitlement.
The company also noted that the quarterly report for the period would be transmitted through PUCARS within the specified timeframe, ensuring full compliance with regulatory requirements and maintaining transparency with shareholders and the market.