Karachi: Attock Petroleum Limited has disclosed significant resolutions passed during its 29th Annual General Meeting held on October 17, 2024, according to a recent notification to the Pakistan Stock Exchange (PSX). The shareholders approved the audited financial statements for the fiscal year ending June 30, 2024, along with the directors' and auditors' reports. According to information available from the Pakistan Stock Exchange (PSX), the company also declared a substantial final cash dividend.
The final dividend declared was 175% or Rs. 17.50 per share of Rs. 10 each, in addition to an interim dividend previously paid at 100% or Rs. 10 per share. This brings the total dividend for the fiscal year to 275% or Rs. 27.50 per share, demonstrating the company's strong financial performance and commitment to shareholder returns.
Furthermore, the shareholders reappointed M/s A. F. Ferguson and Co. Chartered Accountants as the auditors for the next fiscal year, authorizing the board of directors to fix their remuneration. This decision reflects continued trust in their services and the importance of transparent and accurate financial reporting in maintaining investor confidence.