Karachi, National Foods Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 08, 2022.
The agenda of the meeting was discussion of consolidated and unconsolidated profit and loss account for Year ended June 30, 2022 which portrayed a profit of Rs. 3,292,021 and 1,965,358 with earnings per share 10.0 and 8.43 basic and diluted respectively.
Further, 100% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from September 14, 2022 to September 20, 2022 (both days inclusive).
National Foods Limited was incorporated in Pakistan on 19 February 1970 as a private limited company and subsequently converted into a public limited company. The parent entity of the Company is Associated Textile Consultants (Private) Limited. The Company is principally engaged in the manufacture and sale of convenience based food products.
The total number of shares are 186,492,343. The Earnings per shares of the Company is 7.40 in 2020 which was 7.31 in 2019. The Profit after Taxation is 1,104,502,000 in 2020 which was 1,090,862,000 in 2019.