Karachi, United Brands Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 23, 2023.
The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for quarter ended December 31, 2022 which portrayed a loss of Rs. 49,701 and 75,185 with loss per share 0.54 and 0.82 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
United Brands Limited was incorporated in Pakistan on March 13, 1965 as Batlay Match Industries Limited. The company was renamed as UDL Industries Limited on March 16, 1987 and as United Brands Limited, a public limited company on April 5, 2006 under the Companies Ordinance, 1984. The Company is a subsidiary of International Brands Limited, which is the Company’s ultimate parent also. The principal activities of the Company are trading and distribution of consumer goods and allied products
The total number of shares are 91, 800, 0000 The Earning per share is (2.79) in 2020 which was (5.99) in 2019. The Company had a loss of Rs. 255,676,000 in 2020 which was 549,914,000 in 2019.