Karachi, Bata Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on August 25, 2022.
The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2022 which portrayed a profit of Rs. 303,867 with earnings per share 40.19 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Bata Pakistan Limited was incorporated in Pakistan as Shoe Company Limited in 1951, and went public to become Bata Pakistan Limited in 1979. The Company is listed on Pakistan Stock Exchange, and principally engaged in the manufacturing and sale of footwear of all kinds along with sale of accessories and hosiery items. The parent company of Bata Pakistan Limited is Bafin B.V. (Nederland),
The shares of the company are quoted in PSX website and the symbol “BATA” is being used on Pakistan Stock Exchange for the shares of the Company.
The number of shares the company has introduced are 7,560,000. The Earnings per shares has decreased in 2020 and is (82.98) whereas in 2019 it was 144.03. The profit after taxation in 2020 is (627,345,000) which was 1,088,862,000 in 2019.