AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, Pakistan Hotels Developers Ltd. (PHDL), known for its prominent hotel operations, saw its share price stabilize at Rs. 439.00 today, with a daily weighted average rate slightly higher at Rs. 440.05. According to information available from the Pakistan Stock Exchange (PSX), PHDL has announced a dynamic dividend policy for 2023, starting with 40% and introducing an additional 100% interim dividend, following a 20% payout.
Listed since 1981, PHDL’s shares reached a peak of Rs. 582.25 and a low of Rs. 407.05 during January-April 2024, witnessing a moderate trading volume of 549,109 shares. Despite a challenging market, the company recorded an EPS of -2.62 for the year 2022/2023, underscoring the recovery phases in the hospitality sector.