Karachi, Cherat Cement Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 26, 2021.
The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2021 which portrayed a profit of Rs. 3,205,056 with earnings per share 16.50 basic and diluted respectively.
Further, 10%payment of cash dividend, bonus shares and right shares was agreed.
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.