Board of directors meeting of Biafo Industries Limited

Karachi, Biafo Industries Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 23, 2021 at Islamabad. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from September 16, 2021 to September 23, 2021.

The Biafo Industries Limited was incorporated in Pakistan on September 07, 1988, as a Public Limited Company. The Company is engaged in the manufacturing of commercial explosives and blasting accessories including detonators and other materials, and started its commercial production on July 01, 1994. The Company’s license for manufacturing and sale of explosives is required to be renewed annually. They have registered office in Islamabad and their plant is located at Haripur Pakistan.

The number of shares the company has introduced are 38,332,800. The Earnings per share has decreased in 2020 and is 7.06 compare to 13.63 in 2019. The profit after taxation in 2020 is 245,871,000 which was 359,892,000 in 2019.