Karachi, Sitara Chemical Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Faisalabad on February 23, 2023.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2022 which portrayed a profit of Rs. 259,012 with earnings per share 12.09 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Sitara Chemical Industries Limited was incorporated in Pakistan on September 08, 1981 as a public limited company. The Company is currently organized into two operating divisions and these divisions are Chemical Division (manufacturing of caustic soda and allied products) and Textile Division (manufacturing of yarn and fabric).
The total numbers of shares are 21,429,524. The Earnings per share is 13.94 in 2020 which was 41.32 in 2019. The Profit after Taxation of the Company is 298,763,000 in 2020 which was 885,458,000 in 2019.