Karachi, Pakistan International Container Terminal Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 22, 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. 452,891 with earnings per share 4.14 basic and diluted respectively.
Further, 50% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from August 31, 2022 to September 02, 2022 (both days inclusive).
Pakistan International Bulk Terminal Limited was incorporated on March 22, 2010. The Company has entered into a Built Operate Transfer (BOT) contract with Port Qasim Authority (PQA) on November 06, 2010 for the construction, development, operations and management of coal and clinker/cement terminal at Port Mohammad Bin Qasim for thirty years. After the expiry date, the Company will transfer all the concession assets to PQA.
The total numbers of shares of the Company are 1,786,092,772. The Earnings per shares is 0.64 in 2020 which was (1.37) in 2019. The Profit after Taxation is 1,144,285,000 in 2020 which was (2,377,102,000) in 2019.