Financial results of Bawany Air Product Limited for Quarter ended September 30, 2022

Karachi, Bawany Air Product Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on November 23, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2022 which portrayed a profit of Rs. 66,153,426 with earnings per share 8.82 basic and diluted respectively.

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

“Bawany Air Products Limited is a public limited Company incorporated in Pakistan on August 16, 1978. The principal activities of the Company are production and trading of oxygen gas, dissolved acetylene and nitrogen gas. The manufacturing facilities are located at Hub Industrial Estate, Tehsil Hub in the province of Baluchistan.

The total numbers of shares are 7,502,510. The Earnings per share is (11.62) in 2020 which was (1.93) in 2019. The Company had a loss of Rs. 87,187,000 in 2020 which was 14,467,000 in 2019.”