Telecard Limited Announces Dividend Despite Modest Earnings

Karachi, Telecard Limited, a prominent player in the Technology and Communication sector on the Pakistan Stock Exchange, has declared a dividend of 7.5% despite reporting modest earnings per share (EPS) of Rs. 0.40 for the period January to February 2024. The company, which had its previous book closure on October 21, witnessed a daily weighted average rate of Rs. 8.64, with a turnover reaching 187,030,572 shares. This financial announcement comes amid the company’s efforts to maintain shareholder value, with a paid-up capital of Rs. 3,386.25 million. The market lot for the shares remains at 10, indicating a stable trading unit for investors.