Karachi, Colgate Palmolive Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 27, 2021.

The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2021 which portrayed a profit of Rs. 1,488,223 with earnings per share 20.44 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

The Company is incorporated in 1977 as a Public Limited Company with the name of National Detergents Limited. The name of the Company was changed to Colgate-Palmolive (Pakistan) Limited on March 28, 1990 when the Company entered into a Participation Agreement with Colgate-Palmolive Company, USA. The Company is mainly engaged in the manufacture and sale of detergents, personal care and other related products

The Shares of the Company are quoted on Pakistan Stock Exchange Limited and the symbol “COLG” is being used for the shares of the Company.

The total shares of the Company introduced are 63,300,512. The Earnings per share has increased in 2020 and is 84.54 which was 61.01 in 2019. Their Profit after Taxation is 4,864,816,000 in 2020 which was 3,510,803,000 in 2019.