Karachi, Pakistan Tobacco Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on July 27, 2021.
The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2021 which portrayed a profit of Rs. 4,952,307 with earnings per share 19.38 basic and diluted respectively.
Further, 26% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from August 17, 2021 to August 23, 2021 (both days inclusive).
Pakistan Tobacco Company Limited was incorporated in 1947 immediately after partition, when it took over the business of the Imperial Tobacco Company of India which had been operational in the subcontinent since 1905.
The Company is a subsidiary of British American Tobacco (Investments) Limited, United Kingdom, whereas its ultimate parent company is British American Tobacco p.l.c, United Kingdom. The Company is engaged in the manufacture and sale of cigarettes/ tobacco.
The total number of shares are 255,493,792. The Earnings per share is 64.55 in 2020 which was 50.45 in 2019. The Profit after Taxation is 16,492,490,000 in 2020 which was 12,889,229,000 in 2019.