Karachi, Punjab Oil Mils Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Islamabad on April 28, 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. 61,054,444 with earnings per share 11.33 basic and diluted respectively.
Further, 100% payment of cash dividend, bonus shares and right shares was agreed.
Punjab Oil Mills was incorporated in Pakistan as a Public Limited Company. It is mainly engaged in manufacturing, and sale of Ghee, Cooking Oil, Specialty Fats, Laundry Soap, Mushroom and Coffee.
The total numbers or shares are 5,390,625. The Earnings per share is 15.62 in 2020 which was 19.92 in 2019. The Profit After Taxation of the Company is 84,178,000 in 2020 which was 107,378,000 in 2019.