Pioneer Cement Ltd Announces Strong Earnings, No Distribution for Shareholders

Karachi, Pioneer Cement Ltd (PIOC) has demonstrated a strong financial performance with an EPS of Rs. 8.69 for the fiscal year ending June 2023. The company, with a paid-up capital of Rs. 2,271.49 million, saw its daily weighted average rate increase to Rs. 117.08 from Rs. 116.50. Despite the strong earnings, Pioneer Cement, listed since 1992, did not announce any distribution. The company maintains a market lot of 1, with the previous book closure on 20/10.

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