Karachi, KSB Pumps Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on March 14, 2019.
The agenda of the meeting was discussion of profit and loss account for year ended December 31, 2018 which portrayed a profit of Rs. 196,037 with earnings per share 14.85 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 April 12, 2019 to April 22, 2019 (both days inclusive).
KSB Pumps Company Limited is part of the globally operating KSB
Group. The company incorporated in Pakistan since 1959 and since then it is
known for providing services and consultancy in manufacturing pumps, valves and
systems for industrial services, energy and water along with waste water
applications. KSB manufactures special pumps, design and production of bespoke
systems. The Head office of the company is located in Lahore. The manufacturing
facility of the company is located at Hassanabdal along with sale houses in
Lahore, Karachi, Multan, Rawalpindi, Khyber Pakhtunkhwa and Quetta. The company
is listed on the Karachi and Lahore Stock Exchanges.
The product range of the company includes brand pumps, valves, systems and other accessories. The trademarks which the company has includes SISTO diaphragm valve, GIW slurry pumps, MIL control valves, KSB ITUR pumps, Ajax pumps and KAGEMA pumps, control cabinets and emergency power generators.
The symbol “KSBP” is being used by the stock exchanges for the shares of KSB Pumps Company Limited.