Financial results of Exide Pakistan Limited for Quarter ended June 30, 2022

Karachi, Exide Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on July 30, 2022.

The agenda of the meeting was discussion of unconsolidated and consolidated profit and loss account for quarter ended June 30, 2022 which portrayed a profit of Rs. 50,298 and 50,285 with earnings per share 6.47 and 6.47 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

EXIDE Pakistan Limited, was incorporated in 1953 as a private limited company in association with Chloride Group Private Limited Company of United Kingdom. Chloride had its associates in 35 countries of the world and was supported by chloride Technical.

Exide Pakistan Limited is engaged in the manufacturing and sale of batteries, chemicals and acid and also supply solar energy solutions. The principal activities of the Company is to manufacture and sale of automotive batteries, batteries, chemicals and acid and also supply solar energy solutions and industrial cells. The Company is listed on Pakistan Stock Exchange, and the symbol “EXIDE” is being used for the shares of the Company.

The shares of the Company are 7,768,618. The Earnings per shares of the Company is (71.94) in 2020 which was (64.94) in 2019. The Company had a loss of 558,852,000 in 2020 which was 504,511,000 in 2019.