Karachi, Cherat Cement Company Limited informed Pakistan Stock Exchange that the resolution passed in their annual general meeting of the company held on October 16, 2021.
The agenda of the meeting will to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended June 30, 2021 together with the Directors and Auditors Reports thereon, to appoint auditors for the year ending June 30, 2022 and fix their remuneration and to transact any other business with the permission of the chair.
Cherat Cement Company Limited is a Public Limited Company, incorporated in Pakistan in 1981. Its main business activity is manufacturing, marketing and sale of Ordinary Portland Cement and Clinker. The Company has a capacity to produce 4.5 million tons of cement annually. The cement plant is located at Village Lakrai, District Nowshera, and Khyber Pakhtunkhwa (KPK) province. The Company sells his cement within the country and as well as to Afghanistan. The Company is registered on Pakistan Stock Exchange Limited and is also an ISO 9001 and 14001 certified.
The number of shares the company has introduced are 194,295,038. The Earnings per share is (9.74) in 2020 which was 9.07 in 2019. The profit after taxation in 2020 is (1,893,108,000) compare to 1,762,763,000 in 2019.