Karachi, Wyeth Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on July 29, 2021.
The agenda of the meeting was discussion of profit and loss account for quarter ended May 31, 2021 which portrayed a profit of Rs. 45,291 with earnings per share 31.86 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Wyeth Pakistan Limited is a public limited company incorporated in 1949 in Pakistan. The company is engaged in manufacturing and marketing of research based ethical specialties and other pharmaceutical products. With effect from October 15, 2009 Pfizer Inc. has acquired WYETH LLC, USA. Accordingly Pfizer Inc. USA has become the ultimate parent USA of the company however, Wyeth LLC, USA continues to be the principal shareholder of the company. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Karachi.
The symbol “WYETH” is being used by the stock exchanges for the shares of Wyeth Pakistan Limited.