Karachi, Siemens Pakistan Engineering Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on November 28, 2019.
The agenda of the meeting was discussion of profit and loss account for year ended September 30, 2019 which portrayed a profit of Rs. 709,468 with earnings per share 86.03 basic and diluted respectively.
Further, 460% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from January 10, 2020 to January 20, 2020 (both days inclusive).
Siemens Pakistan Engineering Company Limited was founded in 1922 in the Indo-Pak region. In 1953 the company was recognized as a private limited company. In 1963 the company was restructured as a public limited company. The business of the company includes operating in the industry sector, energy sector, health care sector, and infrastructure and cities sector. The head office of the company is located in Karachi whereas the regional offices of the company are in Lahore, Islamabad and Quetta. The representative offices of the company are located in Peshawar and Multan. The core operations of the business include supplying high voltage grid stations, switch gear products and systems, power and distribution transformers and network consultancy. The company is engaged in educating the students about the engineering advancements and for this automated labs have been structured.
The recent projects of the company in Pakistan include development of the airfield lighting solution for Pakistan’s first green field project, the Benazir Bhutto International Airport in Islamabad, supply, installation, testing and commissioning of an integrated building management system for Dolmen Mall, Karachi and providing smart grid turnkey automation solutions to the Karachi Electric Supply Company Load Dispatch Center.
The symbol “SIEM” is being used by the stock exchange for the shares of Siemens Pakistan Engineering Company Limited.