Karachi, Tariq Glass Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on September 18, 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. 2.109.369.510 with earnings per share 15.31 basic and diluted respectively.
Further, 12% payment of cash dividend, 25%bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from October 22, 2021 to October 28, 2021 (both days inclusive).
Tariq Glass Industries Limited was incorporated in Pakistan in 1978 and converted into a Public Limited Company in the year 1980. The Company is principally engaged in the manufacture and sale of glass containers, opal glass, tableware and float glass.
With a production capacity of almost 300 tons per day, Tariq Glass Industries Ltd. produces its tableware products on single and double gob press machines as well as H-28 (press & blow) and stretch machines.
In 2013, Tariq Glass Industries Ltd. launched its latest venture, Tariq Float Glass. An ultra-modern plant having a production capacity of 550 tons per day. This facility is capable of producing clear float glass ranging from 2mm to 13mm as well as 5mm tinted and reflective glass through an online CVD coating machine, along with sandblasted glass and aluminum coated mirrors.
The Company is listed on Pakistan Stock Exchange and the total number of shares are 137,733,750. The Earning per share is 6.91 in 2020 which was 12.01 in 2019. The Profit after tax of the Company is 761,589,000 in 2020 which was 1,323,678,000 in 2019.