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

Financial Results

Karachi, Pakistan Synthetics Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 06, 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. 748,366 with earnings per share 8.90 basic and diluted respectively.

Further, 25% payment of cash dividend, 10%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 Synthetic Limited was incorporated on 18 November 1984 as a private limited company in Pakistan and subsequently converted into a public limited company on 30 December 1987. The principal activity of the company is manufacturing and sale of plastic caps and crown caps, PET Perform, PET Resin and BOPET Resin.

The total numbers of shares are 84,060,000. The Earnings per share is (1.39) in 2020 which was (2.18) in 2019. The Company had a loss of Rs. 99,043,000 in 2020 which was 123,901,000 in 2019.