Karachi, Engro Corporation Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 23, 2021.
The agenda of the meeting was discussion of consolidated and unconsolidated profit and loss account for quarter ended June 30, 2021 which portrayed a profit of Rs. 14,332,326 and Rs. 6,096,939 with earnings per share 15.13 and 10.58 basic and diluted respectively.
Further, 120% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from October 13, 2021 to October 19, 2021 (both days inclusive).
Engro Corporation Limited was incorporated in Pakistan as a Public Listed Company. It is a subsidiary of Dawood Hercules Corporation Limited which is the parent Company. The principal activity of the Company is to manage investments in subsidiary companies, associated companies and joint venture, engaged in fertilizers, PVC resin manufacturing and marketing, food, energy, development and operations of telecommunication infrastructure, LNG, Chemical terminal and storage businesses.
The Shares of the Company are 576,163,230. The Earnings pee shares of the company is 28.29 in 2020 which was 24.83 in 2019. The Company had a Profit of Rs. 16,301,478,000 in 2020 which was 14,303,318,000 in 2019.