Karachi, Descon Oxychem Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on October 25, 2021.
The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2021 which portrayed a profit of Rs. 22,416 with earnings per share 0.13 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
The company was incorporated in Pakistan as a private limited company on November 12, 2004. It is principally engaged in the manufacture, procurement and sale of hydrogen peroxide and allied products.
The total numbers of shares are 175,031,084. The Earnings per share is 3.42 in 2020 which was 3.87 in 2019. The Profit after Taxation is 418,423,000 in 2020 which was 394,269,000 in 2019.