Karachi, Crescent Jute Products Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on October 04, 2022.
The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2022 which portrayed a profit of Rs. 51,215,334 with earnings per share 2.16 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from October 21, 2022 to October 28, 2022 (both days inclusive).
“Crescent Jute Products Limited is a public limited company, was incorporated in Pakistan on 1964. The Business Activities of the Company is manufacturing and selling of jute products including jute bags. The registered office is situated at Lahore Pakistan.
The Shares of the Company are 23,763,468. The Earnings per shares in 2020 is (0.83) which was (0.55) in 2019. The Company had a loss of Rs. 19,768,000 in 2020 compare to 13,110,000 in 2019.”