Power Cement Ltd Faces Challenges With Negative Earnings

Karachi, Power Cement Ltd (POWER), part of the cement sector, reported a minor setback with an earnings per share (EPS) of Rs. (0.19) for the year ending June 2023. Despite the negative earnings, POWER’s shares saw significant trading activity at Rs. 5.21, closely aligning with its daily weighted average of Rs. 5.18. The company, which did not declare any dividends for 2022 or 2023, saw a trading volume of 32,415,000 shares, with its stock price ranging between Rs. 6.31 and Rs. 5.05. Power Cement, with a paidup capital of Rs. 11,118.70 million, has been navigating market challenges since its 1988 listing, demonstrating resilience in a competitive industry.