Financial results of ADOS Pakistan Limited for Quarter ended March 31, 2022

Karachi, ADOS Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Islamabad on April 29, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2022 which portrayed a profit of Rs. 158,408,889 with earnings per share 24.06 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Ados Pakistan Limited was incorporated in Pakistan on March 05, 1986 as a Private Limited Company and was later converted into a Public Limited Company on April 04, 1989.

The Company has been involved in the supply of oil and gas field related equipment, fabrication and refurbishment of equipment and spare parts used in oil and gas industry, and also engaged in fabrication of vehicles in respect of bullet proofing protection.

The total number of shares Ados Pakistan Limited issued so far are 6,582,600. Earning Per Shares is (4.29) and was (10.42) in 2019. The Net Profit Margin percentage in 2020 is (38.20%) which was (180.10%) in 2019.