Karachi, Shaffi Chemical Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on October 24, 2022.
The agenda of the meeting was discussion of profit and loss account for Quarter ended September 30, 2022 which portrayed a profit of Rs. 8,826,513 respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
The Company was incorporated as Public Limited Company on 27th September 1994. The main activity of the company is to manufacture and process of Di-OctyleOrtho Phathalates (DOP) Chemicals. Currently the company is to produce Lith and Diltex Binder.
The total numbers of shares are 12,000,000. The Earnings per share is (0.60) in 2020 which was (0.52) in 2019. The Company had a loss of Rs. 7,168,000 in 2020 which was 6,211,000 in 2019.