Financial results of Pakistan PVC Limited for Year ended June 30, 2021

Karachi, Pakistan PVC Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Islamabad on September 17, 2021.

The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2021 which portrayed a loss of Rs. 11,558,807 with loss per share 0.77 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from October 15, 2021 to October 22, 2021 (both days inclusive).

Pakistan PVC Limited is incorporated in Pakistan on October 19, 1963. The company is engaged in production and sale of PVC resin, PVC pipes and fittings, PVC compound and Caustic soda. The company has installed a water purification plant to process and sell mineral water.

Pakistan PVC Limited was constructed in the middle sixties in collaboration with M/s Shin-Etsu Chemical Industry Company Limited of Japan. The plant started producing PVC Pipes as early as in 1966.

The total numbers of shares are 14,958,000. The Earnings per share is (1.05) in 2020 which was (1.17) in 2019. The Company had a loss of Rs. 15,759,000 in 2020 which was 17,479,000 in 2019.