Karachi, Synthetic Products Enterprises Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on August 24, 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. 460,232,789 with earnings per share 5.07 basic and diluted respectively.
Further, 5% payment of cash dividend, 8% bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from October 21, 2021 to October 27, 2021 (both days inclusive).
Synthetic Products Enterprises Limited (SPEL) is a part of SPEL Group which provides one stop shopping to customers for plastic products.
With its three plants, one in Kotlakhpat two in Pandoki, Lahore, it is organized in the product lines of Molds and Dies Manufacturing, Automotive Parts, Food Packaging, Plastic Crates and Off Road Vehicle Parts.
SPEL now has a portfolio of varied products with a large client base. Supplies are made to assemblers and manufacturers of cars, tractors, motor cycles, electronic equipment, road construction equipment etc. We also provide Plastic Packaging for Food, Hair Care, Skin Care and Pharmaceutical products.
The symbol “SPEL” is being used by the stock exchange for the shares of Synthetic Products Enterprises Limited.