Karachi, Lalpir Power Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore 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 loss of Rs. 746,696 with loss per share 1.97 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 October 12, 2021 to October 18, 2021 (both days inclusive).
Lalpir Power Limited was incorporated in Pakistan on 08 May 1994. The principal activities of the Company are to own, operate and maintain a fuel fired power station having gross capacity of 362 MW in Mehmood Kot, Muzaffargarh, and Punjab, Pakistan. It is a Public Limited Company.
The total number of Shares are 379,838,732. The Earnings per share of the Company is 9.35 in 2020 which was 5.38 in 2019. The Profit after Taxation of the Company is 3,551,394,000 in 2020 which was 2,043,780,000 in 2019.