Karachi, Security Paper Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 27, 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. 1,458,445 with earnings per share 24.61 basic and diluted respectively.
Further, 90% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from September 21, 2021 to September 30, 2021 (both days inclusive).
Security Papers Limited is incorporated and domiciled in Pakistan as a public Company Limited by shares. The principal activity of the Company is manufacturing and sale of specialized paper for banknote and non-bank note security documents.
The Company is listed on Pakistan Stock Exchange with the total number of shares the company has introduced so far are 59,255,985. The Earnings per share is 21.54 in 2020 which was 13.03 in 2019. The Profit After Taxation is 1,276,249,000 in 2020 which was 772,034,000 in 2019.