Karachi, Gharibwal Cement Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on September 29, 2022.
The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2022 which portrayed a profit of Rs. 1,354,723 with earnings per share 3.38 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 20, 2022 to October 27, 2022 (both days inclusive).
“The Company was incorporated in Pakistan on December 29, 1960 as a Public Limited Company. It is principally engaged in production and sale of cement. The plant is located in Ismailwal, Pind Dadan Khan Tehsil, Chakwal District, and Punjab Province, Pakistan.
Head office of the Company is situated at Pace Tower, 1st Floor 27 H-Block, College Road, Gulberg-II, and Lahore, Pakistan.
The total numbers of shares are 400,273,960. The Earnings per share is 0.33 in 2020 which was 1.84 in 2019. The Profit after Taxation is 131,317,000 in 2020 which was 736,412,000 in 2019.”