Orient Rental Modaraba Reports No Dividend Amidst Financial Turbulence

Karachi, In a recent financial announcement, Orient Rental Modaraba disclosed a dividend of 10% for the fiscal year, despite not declaring any dividend in the prior period. The company, listed on the Pakistan Stock Exchange since 2017, has faced challenges, reflected in an earnings per share (EPS) of Rs. 0 for 2022/2023. With a significant paid-up capital of Rs. 750.00 million, Orient Rental Modaraba’s market position is closely watched by investors. The daily weighted average rate of its shares was recorded at Rs. 6.99, with a market lot of 500 shares. This financial year’s results highlight the hurdles faced by the company, marking a critical period in its operational timeline.