Karachi, Dewan Cement Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 27, 2022.
The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2022 which portrayed a loss of Rs. 703,032 with loss per share 1.45 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 20, 2022 to October 27, 2022 (both days inclusive).
“Dewan Cement Limited was incorporated in Pakistan as a public limited company in March, 1980. The principal activity of the company is to manufacture and sell cement. The Company is an ISO 9001:2008 certified company which has a capacity to produce more than 2,880,000 tons per annum from two separate manufacturing units, comprising of Pakland Cement Limited, and Saadi Cement Limited which was increased to capacity of 300,000 TPA and then 750,000 TPA.
The total number of shares the company has introduced are 484,113,343. The Earning Per Share in 2020 is (2.74) which was (0.57) in 2019. The company had a loss of Rs. 1,324,465,000 compare to a loss of Rs. 275,304,000 in 2019.”