Karachi, D. G. Khan Cement Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on September 14, 2021.
The agenda of the meeting was discussion of consolidated and unconsolidated profit and loss account for Year ended June 30, 2021 which portrayed a profit of Rs. 4,093,183 and Rs. 3,721,273 with earnings per share 8.96 and 8.49 basic and diluted respectively.
Further, 10% 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, 2021 to October 28, 2021 (both days inclusive).
D.G. Khan Cement Company Limited (DGKCC) was established under the management control of State Cement Corporation of Pakistan Limited (SCCP) in 1978 as private limited company. DGKCC started its commercial production in April 1986 with 2000 tons per day (TPD) clinker based on dry process technology.
Nishat acquired DGKCC in 1992 under the privatization initiative of the government. After privatization the company was listed on Stock Exchanges in September 1992.
The Company is principally engaged in the manufacturing and sale of Cement. The Company is member of All Pakistan Cement Manufactureres Association (APCMA) and Lahore Chamber of Commerce and Industry (LCCI).
The symbol “DGKC” is being used by the stock exchanges for the shares of D.G. Khan Cement Company Limited.