Towellers Limited Posts High Dividend Amid Positive Share Performance

Karachi, Towellers Limited. (TOWL), recognized on the Pakistan Stock Exchange, announced its financial outcomes today. The company’s shares fluctuated slightly with a high of 157.64 rupees and a low of 145.02 rupees.

Towellers Limited declared a high dividend of 120% and then increased it to 130%, demonstrating strong financial health and a commitment to rewarding its shareholders. The company, which has been listed since 1995, boasts a capital structure of 170 million rupees and sustained positive earnings, with an EPS of 145.02 rupees for the initial quarter of 2024.