Karachi, Ghandhara Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 24, 2023.
The agenda of the meeting was discussion of consolidated profit and loss account for quarter ended December 31, 2022 which portrayed a profit of Rs. 25,698 with earnings per share 0.60 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Ghandhara Industries Limited was incorporated on February 23, 1963. The principal activity is assembly and progressive manufacturing of Isuzu trucks and buses. Bibojee Services (Private) Limited is the ultimate Holding Company. The total numbers of shares are 42,608,844. The Earnings per share is (30.11) in 2020 which was 1.41 in 2019. The Profit after Taxation of the Company is (1,282,883,000) in 2020 which was 59,948,000 in 2019.