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Board of directors meeting of Singer Pakistan Limited

Karachi, Singer Pakistan Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 24, 2021 at Lahore. The agenda of the meeting will to consider the half yearly Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from August 13, 2021 to August 24, 2021.

Waves Singer Pakistan Limited has become a merged company with the acquisition of Cool Industries (Pvt) Limited by Singer Pakistan during 2017. After the approval of the Scheme of Merger by Sindh High Court, the combined company has acquired the name of Waves Singer Pakistan Limited. The Company is principally engaged in retailing and trading of domestic consumer appliances and other light engineering products, besides manufacturing and assembling of the same.

The Company produces a variety of consumer appliances-including refrigerators, air conditioners, LED TVs, washing machines, microwave ovens, in addition to its more traditional offerings of sewing machines, water heaters and gas ovens etc.

The total number of shares the company has introduced so far are 45,410,000. The Earnings per shares of the Company was (3.50) in 2017 which was 2.10 in 2016. Their Profit after Tax was 327,508,000 in 2017 which was 95,377,000 in 2016.