Karachi, Dynea Pakistan Limited, a leading chemical manufacturing company, has reported robust financial results for the fiscal year ending June 30, 2023. In a meeting held today at 2:00 pm in Karachi, the Board of Directors recommended a cash dividend of 200% per share, marking a significant return to its shareholders.

The financial highlights for Dynea Pakistan Limited's fiscal year ending June 30, 2023, are as follows:

Turnover: The company reported a net turnover of Rs. 11,080,437,875, showcasing substantial growth compared to the previous year's Rs. 9,536,324,932.

Gross Profit: Dynea Pakistan Limited reported a gross profit of Rs. 1,893,784,939, indicating a healthy increase from the previous year's Rs. 1,611,116,365.

Profit Before Taxation: The company's operating profit reached Rs. 267,000,952, after considering distribution costs, administrative expenses, and allowances for expected credit losses. This is a significant improvement from the previous year's Rs. 135,403,288.

Net Profit: Dynea Pakistan Limited reported a net profit of Rs. 665,164,188 for the fiscal year ending June 30, 2023, compared to Rs. 621,504,165 for the previous fiscal year.

Earnings Per Share: The basic and diluted earnings per share stood at Rs. 35.25, reflecting strong financial performance compared to the previous year's Rs. 32.93.

In response to these positive financial results, Dynea Pakistan Limited has declared a cash dividend of Rs. 10.00 per share, representing a generous 200% dividend to its shareholders. The dividend will be disbursed to shareholders whose names appear in the Register of Members on October 17, 2023.

Additionally, the company announced that there will be no bonus shares, right shares, or any other entitlement or corporate action for the year. The share transfer books of Dynea Pakistan Limited will be temporarily closed from October 18, 2023, to October 25, 2023, inclusive, to facilitate the Annual General Meeting and the distribution of the final dividend.

These financial results demonstrate Dynea Pakistan Limited's commitment to delivering value to its shareholders while maintaining a strong financial position in the market. The company looks forward to continued growth and success in the coming year.