Financial results of Descon Oxychem Limited for Year ended June 30, 2021

Karachi, Descon Oxychem Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on September 07, 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. 278,703 with earnings per share 1.59 basic and diluted respectively.

Further, 10% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from October 18, 2021 to October 25, 2021 (both days inclusive).

The company was incorporated in Pakistan as a private limited company on November 12, 2004. It is principally engaged in the manufacture, procurement and sale of hydrogen peroxide and allied products.

The total numbers of shares are 175,031,084. The Earnings per share is 3.42 in 2020 which was 3.87 in 2019. The Profit after Taxation is 418,423,000 in 2020 which was 394,269,000 in 2019.