Karachi, Colgate Palmolive Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 29, 2019.
The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2019 which portrayed a profit of Rs. 1,150,759 with earnings per share 20.00 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Colgate-Palmolive Pakistan Limited was initially incorporated in Pakistan on December 5, 1977 as a public limited company with the name of National Detergents Limited. The name of the company was changed to Colgate-Palmolive Pakistan Limited on March 28, 1990 when the company entered into a Participation Agreement with Colgate-Palmolive Company, USA. The company is mainly engaged in the manufacture and sale of detergents, personal care and other related products. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges. The registered office of the Company is situated at Karachi.
The symbol “COLG” is being used by the stock exchanges for the shares of Colgate Palmolive Pakistan Limited.