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 16, 2022.
The agenda of the meeting was discussion of profit and loss account for Year ended December 31, 2021 which portrayed a profit of Rs. 248 with earnings per share 2.07 basic and diluted respectively.
Further, 8.5% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from April 20, 2022 to April 27, 2022 (both days inclusive).
KSB Pumps Company Limited was incorporated in Pakistan on July 18, 1959. The Company is a subsidiary of KSB SE & Co. KGA. It is principally engaged in the manufacture and sale of industrial pumps, valves, castings and related parts and provision of aftermarket services.
KSB Pumps Company Limited specializes in pumps, valves and systems for industrial, building services, energy and water applications. KSB Pumps Company Limited has its Head Office based in Lahore, a manufacturing facility at Hassanabdal with, sales houses in Lahore, Karachi, Multan, and Rawalpindi.
The total number of shares of the Company are 13,200,000. The Earnings per shares of the Company is 1.24 in 2020 which was (6.66) in 2019. Their Profit after tax in 2020 is 16,383,000 which was 87,880,000 in 2019.