Karachi, Pakgen Power Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on August 30, 2022.
The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2022 which portrayed a profit of Rs. 459,519 with earnings per share 1.23 basic and diluted respectively.
Further, 15% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from September 01, 2022 to September 03, 2022 (both days inclusive).
Pakgen Power Limited was incorporated in Pakistan on 22 June 1995. The principal activities of the Company are to own, operate and maintain an oil fired power station having gross capacity of 365 MW in Mehmood Kot, Muzaffargarh, and Punjab, Pakistan.
The total number of shares are 372,081,591. The Earnings per share is 11.86 in 2020 which was 7.82 in 2019. The Profit after tax of the Company is 4,411,282,000 in 2020 which was 2,911,041,000 in 2019.