Karachi, Pakistan Cables Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi 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. 553,647 with earnings per share 15.56 basic and diluted respectively.
Further, 80% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from September 17, 2021 to from September 24, 2021 (both days inclusive).
Pakistan Cables Limited was incorporated in Pakistan as a private limited company on 22 April 1953 and in 1955 it was converted into a public limited company. The Company is engaged in the manufacturing of copper rods, wires, cables and conductors, aluminum extrusion profiles and PVC compounds.
The Company is listed on Pakistan Stock Exchange with the total number of Shares that are 35,577,970. The Earnings per shares of the Company (2.58) in 2020 which was 3.56 in 2019. The Profit after Taxation in 2020 is (91,786,000) which was 126,233,000 in 2019.