Matco Foods restarts Dextrose Monohydrate plant after enhancements

MG News | June 03, 2024 at 11:27 AM GMT+05:00

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June 03, 2024 (MLN): The Dextrose Monohydrate (DMH) Plant of Matco Foods Limited (PSX: MFL) has resumed regular production after process improvements and routine maintenance on June 01, 2024.

MFL informed market participants of this development through a notice issued to the Pakistan Stock Exchange (PSX) today.

It is worth mentioning here that the principal activity of the company is to carry out the business of processing and export of rice, rice glucose, rice protein and pink salt, masala and kheer.

At the time of writing, the company's stock price has benefited from this recent development, rising to Rs 28.22, an increase of Rs 2.09 or 8% compared to the last close.

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