Karachi, EFG Hermes Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 25, 2021.
The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2021 which portrayed a profit of Rs. 9,073,872 with earnings per share 0.45 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
EFG Hermes Pakistan Limited is incorporated on September 27, 1999 under the name Invest and Finance Securities (“IFSL”) as a Private Limited Company and converted into Public Unquoted Company on November 27, 2006.
The company is Trading Right Entitlement Certificate (TREC) Holder of Pakistan Stock Exchange Limited. Furthermore the company is a Corporate Member of Pakistan Mercantile Exchange Limited and acts as Service provider with MUFAP. It is engaged in Financial Brokerage, Corporate Finance and Financial Research.
The total numbers of shares are 20,015,650. The Earnings per share is 0.08 in 2020 which was (2.38) in 2019. The Profit after Taxation is 1,661,000 in 2020 which was (47,726,000) in 2019.