Pioneer Cement Reports Increased Share Price and Interim Dividend

Lahore, Pioneer Cement Ltd (PIOC), another significant entity in the cement sector, announced its performance for the first quarter of 2024. The company’s share price observed a high of Rs 135.21 with a daily weighted average of Rs 134.34, alongside declaring a 50% interim dividend for its shareholders. Pioneer Cement, with a paid-up capital of Rs 2,271.49 million, reported an EPS of Rs 104 for the period of January to March 2024. Despite not distributing dividends in the past, this recent announcement marks a significant shift in the company’s distribution policy. With a par value of Rs 10 and a market lot of 1, the company has been listed on the PSE since 1992, showing a noteworthy performance in the recent quarter.