Towellers Limited Reports Increase in Distributions for 2023

Karachi, Towellers Limited, trading as TOWL on the Pakistan Stock Exchange, reported an increase in distributions for the year ending June 2023. The company, with a paid-up capital of Rs. 170.00 million, declared no distribution in 2021 but announced a 120% distribution in 2022 and 130% in 2023. The stock’s rate was Rs. 207.84, with an EPS of Rs. 32.73 for January-November 2023. The turnover reached 10,970,800. Towellers Limited has been listed since 1995, with its last book closure on October 19, 2022.

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