Karachi, Pakistan Aluminium Beverage Cans Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held through video link on April 21, 2022.
The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2022 which portrayed a profit of Rs. 310,302,381 with earnings per share 1.69 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Pakistan Aluminium Beverage Cans Limited is a public unlisted company incorporated in Pakistan under the Companies Ordinance, 1984 (now the Companies Act, 2017), on December 4, 2014. Ashmore Mauritius PABC Limited, Mauritius (Parent Company) holds 51% (2019: 51%) shareholding of the Company. The principal activity of the Company is manufacturing and sale of aluminium cans. The Company completed the installation, testing, commissioning of its manufacturing facility at Faisalabad Special Economic Zone in September, 2017 and commenced commercial operations.