Karachi, Dynea Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 09, 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. 938,608,560 with earnings per share 49.73 basic and diluted respectively.
Further, 100% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from October 14, 2021 to October 21, 2021 (both days inclusive).
Dynea Pakistan Limited was incorporated on June 20, 1982 in Pakistan as a Public Limited Company. The Company is principally engaged in the production and sale of formaldehyde, urea and melamine-formaldehyde resins and adhesives, molding compounds and glazing powder. These materials have a wide variety of applications for use in wood-based panels, decorative surfaces and tableware. Dynea’s production is currently spread over two plants located in Hub – Balochistan and Gadoon – Khyber Pakhtunkhwa.
The Shares of the Company in total are 118,872,400. The Earnings per shares of the company is 13.42 in 2020 which was 12.02 in 2019. Their Profit after Taxation is 253,349,000 in 2020 which was 226,901,000.