Karachi, Lalpir Power Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on February 24, 2023.
The agenda of the meeting was discussion of profit and loss account for year ended December 31, 2022 which portrayed a profit of Rs. 2,716,400 with earnings per share 7.13 basic and diluted respectively.
Further, 20% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from April 13, 2023 to April 26, 2023 (both days inclusive).
Lalpir Power Limited was incorporated in Pakistan on 08 May 1994. The principal activities of the Company are to own, operate and maintain a fuel fired power station having gross capacity of 362 MW in Mehmood Kot, Muzaffargarh, and Punjab, Pakistan. It is a Public Limited Company.
The total number of Shares are 379,838,732. The Earnings per share of the Company is 9.35 in 2020 which was 5.38 in 2019. The Profit after Taxation of the Company is 3,551,394,000 in 2020 which was 2,043,780,000 in 2019.