Financial results of Ittehad Chemicals Limited for Year ended June 30, 2021

Financial Results

Karachi, Ittehad Chemicals Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on September 21, 2021.

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for Year ended June 30, 2021 which portrayed a profit of Rs. 56,767 and Rs. 656,767 with earnings/ loss per share 7.75 and 7.75 basic and diluted respectively.

Further, 20% 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).

Ittehad Chemicals Limited was incorporated on September 28, 1991 to takeover the assets of Ittehad Chemicals and Ittehad Pesticides. The Company was privatized on July 03, 1995. Ittehad Chemicals Limited is in the business of manufacturing, importing, exporting, packing and repacking Caustic Soda, Sodium Hypo Chlorite and other allied chemicals.

The symbol “ICL” is being used by the stock exchanges for the shares of Ittehad Chemicals Limited. The total numbers of the shares are 84,700,000. The Earnings per shares of the Company is 0.72 in 2020 which was 4.78 in 2019.Their Profit after Taxation is 60,800,000 in 2020 which was 405,051,000 in 2019.