Karachi, EMCO Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on August 12, 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. 201,928,097 with earnings per share 5.77 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 September 23, 2021 to September 30, 2021 (both days inclusive).
EMCO Industries Limited was incorporated as a Joint Stock Company in Pakistan on August 17, 1954 by the name of Electric Equipment Manufacturing Company (Private) Limited. Later, it was converted into a public company on August 20, 1983 and its name was changed to EMCO Industries Limited on September 12, 1983. The Company is principally engaged in the manufacture and sale of high / low tension electrical porcelain insulators and switchgear.
The shares of the Company are 34,999,667. The Earnings per shares of the Company is 3.37 in 2020 which was 4.13 in 2019. Their Profit after Taxation is 117,899,000 in 2020 which was 144,539,000 in 2019.