Karachi, Pakistan Synthetics Limited informed Pakistan Stock Exchange that the resolution passed in annual general meeting of the company held on January 23, 2023 at Karachi.
“Resolved that the Annual Audited Accounts of the company for the year ended September 30, 2022 together with the Reports of the Independent Auditors, Chairman and Director’s review reports thereon be and are hereby approved and adopted.”
Pakistan Synthetic Limited was incorporated on 18 November 1984 as a private limited company in Pakistan and subsequently converted into a public limited company on 30 December 1987. The principal activity of the company is manufacturing and sale of plastic caps and crown caps, PET Perform, PET Resin and BOPET Resin.
The total numbers of shares are 84,060,000. The Earnings per share is (1.39) in 2020 which was (2.18) in 2019. The Company had a loss of Rs. 99,043,000 in 2020 which was 123,901,000 in 2019.