Karachi, Ismail Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 17, 2021.
The agenda of the meeting was discussion of unconsolidated and consolidated profit and loss account for year ended June 30, 2021 which portrayed a profit of Rs. 1,776,665,309 and 1,414,880,414 with earnings per share 26.77 and 22.54 basic and diluted respectively.
Further, 150% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from October 19, 2021 to October 25, 2021 (both days inclusive).
Ismail Industries Limited was incorporated in Karachi, Pakistan as a private limited company on June 21, 1988.On November 01, 1989 the Company was converted into a public limited company. The principal activities of the Company are manufacturing and trading of sugar confectionery items, biscuits, potato chips, cast polypropylene (CPP) and Biaxially-oriented polyethylene terephthalate (BOPET) film under the brands of ‘CandyLand’, ‘Bisconni’, ‘Snackcity’ and ‘Astro films’ respectively.
The total number of shares are 66,356,940. The Earnings per share is 14.49 in 2020 which was 15.15 in 2019. The Profit after Taxation is 931,965,000 in 2020 which was 966,598,000 in 2019.