Karachi, Thatta Cement Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 13, 2018.
The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for year ended June 30, 2018 which portrayed a profit of Rs. 356,860 and Rs. 741,901 with earnings per share 3.58 and 5.99 basic and diluted respectively.
Further, 14.40% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from October 08, 2018 to October 15, 2018 (both days inclusive).
Thatta Cement Company Limited was incorporated in Pakistan in 1980 as a public limited company. It was a wholly owned subsidiary of the State Cement Corporation of Pakistan Private Limited. In the year 2004 the consortium of Mr. Arif Habib and Al-Abbas Group acquired 100% shares of the company from the Privatization Commission and took over its management control. The foundations of the business are laid under the Companies Act, 1913 now Companies Ordinance, 1984. The company is engaged in the business of manufacturing and marketing cement. The registered office of the company is located in Karachi. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan.
The products of the company include ordinary Portland cement, sulphate resistant cement, Portland blast furnace slag cement, ground granulated blast furnace slag. The manufacturing capacity of the company is ISO 9001:2008 certified.
The symbol “THCCL” is being used by the stock exchanges for the shares of Thatta Cement Company Limited.