Karachi, Dawood Hercules Corporation Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 27, 2019.
The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for quarter ended March 31, 2019 which portrayed a profit of Rs. 109,000 and Rs. 6,673,927 with earnings per share 0.23 and 3.33 basic and diluted respectively.
Further, 50% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from May 14, 2019 to May 20, 2019 (both days inclusive).
Dawood Hercules Corporation Limited formely known as Dawood Hercules Chemicals Limited was incorporated in Pakistan on April 17, 1968 as a public limited company. The foundations of the company have been laid using the Companies Ordinance, 1984.The principal activities of the business are to manage the investments in its subsidiary and associated companies. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchange of Pakistan. The registered office of the company is located in Karachi.
Business interests of the company include DH Fertilizers Limited, Dawood LAwrencepur Limited, Tenaga Generasi Limited, Pebbles Private Limited, Inbox Business Technologies Private Limited, Elixir Securities Pakistan Private Limited and Cyan Limited.
The symbol “DAWH” is being used by the stock exchanges for the shares of Dawood Hercules Corporation Limited.