Karachi, Apna Microfinance Bank Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on August30, 2021.
The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2021 which portrayed a profit of Rs. 452,133 with earnings per share 0.001 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Apna Microfinance Bank Limited was incorporated on May 08, 2003 as a public limited Bank. The Bank was granted certificate of commencement of business on December 28, 2004 and started its operations on January 01, 2005. The Bank’s principal business is to provide microfinance services to the poor and underserved segment of the society as envisaged under the Microfinance Institutions Ordinance, 2001 and has been operating at National Level in Pakistan.
The shares of the Bank are listed on Pakistan Stock Exchange Limited and symbol “AMBL” is being used for the shares of the Bank.
The total number of shares the company has issued are 343,984,962. Earning per Share has decreased in 2020 and is 0.1 compared to 0.17 in 2019. The Profit after Taxation in 2020 is 37,219,000 which was 53,525,000 in 2019.