Karachi, Packages Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on August 26, 2021.
The agenda of the meeting was discussion of consolidated profit and loss account for quarter ended June 30, 2021 which portrayed a profit of Rs. 1,231,942 with earnings per share 12.56 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Packages Limited is a public limited company incorporated in Pakistan. It is principally engaged in the manufacture and sale of packaging materials and tissue products. The Company also holds investments in companies.
The total numbers of shares are 89,379,504. The Earnings per share is 31.55 in 2020 which was 15.06 in 2019. The Profit after Taxation of the Company is 2,819,524,000 in 2020 which was 1,346,303,000 in 2019.