Karachi, Dawood Lawrencepur Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on March 08, 2022.
The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for Year ended December 31, 2021 which portrayed a profit of Rs. 538,131 and Rs. 2,482,490 with earnings per share 9.44 and 36.58 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 April 22, 2022 to April 28, 2022 (both days inclusive).
Dawood Lawrencepur Limited was formed in 2004 by the amalgamation of Lawrencepur Woolen and Textile Mills Limited, Dawood Cotton Mills Limited, Bhurewala Textile Mills Limited and Dillon Limited. The Company was incorporated in Pakistan as a Public Limited Company.
The Company manages investment in its subsidiaries and associated companies and is engaged in the business of trading and marketing of renewable energy solutions, mainly solar, to commercial and industrial consumers, along with the legacy textile business.
The total number of shares of the Company are 59,299,809 whereas the Earnings per shares of the company is 8.28 in 2020 which was 17.95 in 2019. The Profit after Taxation is 490,924,000 in 2020 which was 1,064,236,000 in 2019.