Karachi, Attock Cement Pakistan Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on October 21, 2021 through video link.
The agenda of the meeting will to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended June 30, 2021 together with the Directors and Auditors Reports thereon, to consider and if thought fit, approve the final cash dividend of 40% (Rs. 4.00 per share) as recommended by the board of Directors for the year ended June 30, 2021, to appoint auditors for the year ending June 30, 2022 and fix their remuneration and to transact any other business with the permission of the chair.
Further, the closed period of the company is from October 14, 2021 to October 21, 2021 (both days inclusive).
Attock Cement Pakistan Limited was established in 1981, and started commercial production in 1988 with a plant capacity of 2k tons per day of clinker.
The company has also made investments in a cement grinding unit in Iraq through a joint venture with the Iraq-based Al Geetan Commercial Agencies to form a subsidiary, a limited liability company. Attock Cement holds 60 percent share of the company.
The Company is also a part of the Pharaon Group, a group of companies that has investments in diversified fields such as cement, oil & gas, power generation and information technology.
The total number of shares the company has issued are 137,426,961. Earnings per shares in 2020 have decreased to 8.06 which was 15.09 in 2019. The profit after tax has also decreased in 2020 and it is 1,107,491,000 whereas it was 2,073,201,000 in 2019.