Karachi, ZIL 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 profit and loss account for year ended December 31, 2022 which portrayed a profit of Rs. 23,376 with earnings per share 3.82 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from March 24, 2023 to March 30, 2023 (both days inclusive).
ZIL Limited was incorporated as a private limited company in February 1960 and was subsequently converted into a public limited company in November 1986. The principal activity of the Company is manufacture and sale of home and personal care products.
In November 1986, the company was converted from a private limited company to a public limited company. The company’s Head Office is located in Karachi, their network of sales and distribution has expanded to all parts of the country, enabling Pakistani to enjoy benefits of skin and fabric wash.
The total number of shares are 6,122,600. The Earning per share is 2.17 in 2020 which was 10.74 in 2019. The Profit after Taxation is 13,261,000 in 2020 which was 65,742,000 in 2019.