Financial results of Dewan Farooque Motors Limited for Year ended June 30, 2021

Financial Results

Karachi, Dewan Farooque Motors Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 24, 2021.

The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2021 which portrayed a loss of Rs. 189,252 with loss per share 1.42 basic and diluted respectively.

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

Furthermore, the share transfer books of the company will remain closed from October 20, 2021 to October 27, 2021 (both days inclusive).

Deewan Farooque Motors Limited is a Public Limited Company, was incorporated in Pakistan on December 28, 1998. The Company’s principal activities are to assemble, progressive manufacturing and sales of Vehicles in Pakistan. The shares of the Company are quoted on Pakistan Stock Exchange Limited Deewan Farooque Motors Limited suspended its operations since November 2010.

The shares of the Company are 138,735,242. The Earnings per shares of the company are (2.19) in 2020 which was (1.83) in 2019. The Company had a loss of 292,522,000 in 2020 which was 244,304,000 in 2019.