Pace (Pakistan) Limited Reports Negative Earnings with No Dividend

Karachi, Pace (Pakistan) Limited (PACE), engaged in the property sector since 2007, announced a nil dividend for the fiscal year ending in June 2022/2023, amidst negative earnings per share (EPS) of Rs. (6.02). The company, with a large paid-up capital of Rs. 2,788.77 million, experienced extensive trading activity, with the stock price ranging between Rs. 3.19 and Rs. 2, resulting in a massive turnover of 35,137,500 shares. This period represents a challenging phase for Pace (Pakistan) Limited, as reflected in its financial performance.