Karachi, ICI Pakistan Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on January 24, 2018.
The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for quarter ended December 31, 2017 which portrayed a profit of Rs. 721,869 and Rs. 804,192 with earnings per share 7.82 and 8.67 basic and diluted respectively.
Further, 80% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from February 10, 2018 to February 16, 2018 (both days inclusive).
ICI Pakistan Limited is a company incorporated in Pakistan. It is engaged in the manufacture of polyester staple fibre, POY chips, soda ash, specialty chemicals, sodium bicarbonate and polyurethanes. It also markets seeds, toll manufactured and imported pharmaceuticals and animal health products and is a merchant of general chemicals. Besides this the company also acts as an indenting agent and toll manufacturer. The registered office of the company is located in Karachi. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchange of Pakistan.
The subsidiary of the company is ICI Pakistan Power Gen Limited incorporated in Pakistan as an unlisted public company. It is a wholly owned subsidiary company of ICI Pakistan Limited which is engaged in generating, selling and supplying electricity to the Company.
The symbol “ICI” is being used by the stock exchange for the shares of ICI Pakistan Limited.