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 24, 2022.
The agenda of the meeting was discussion of profit and loss account for Year ended September 30, 2022 which portrayed a profit of Rs. 1,680,849 with earnings per share 203.81 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 05, 2023 to January 12, 2023 (both days inclusive).
“Siemens (Pakistan) Engineering Co.Ltd was incorporated in Pakistan in 1953 as a public limited company. The Company is principally engaged in execution of projects under contracts and in manufacturing, installation and sale of electronic and electrical capital goods. The head office is situated at Karachi.
The Company is listed on Pakistan Stock Exchange with the total numbers of shares that are 8,247,037. The Earnings per shares of the Company is (60.14) in 2020 which was 86.03 in 2019. The Profit After Taxation in 2020 is (496,015,000) which was 709,468,000 in 2019.”