Karachi, Pakistan International Container Terminal Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 26, 2021.
The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2021 which portrayed a profit of Rs. 774,695 with earnings per share 7.10 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 September 25, 2021 to October 01, 2021 (both days inclusive).
Pakistan International Container Terminal Limited was incorporated in Pakistan as a private limited. The Company is mainly engaged in providing container terminal management services. The Company has a Build Operate Transfer (BOT) contract with Karachi Port Trust (KPT) for the exclusive construction, development, operations and management of a common user container terminal at Karachi Port for a period of twenty-one years commencing June 18, 2002. The Company is a subsidiary of ICTSI Mauritius Limited whereas its ultimate parent company is International Container Terminal Services Inc. Pakistan International Container Terminal (PICT) was formed as the Terminal Operating Company and took over dedicated container terminals on October 15th, 2002.
The total number of shares that are 109,153,152. The Earnings per shares of the Company is 24.48 in 2020 which was 19.58 in 2019. The Earnings per share is 2,672,519,000 in 2020 which was 2,137,407,000 in 2019.