Financial results of The Organic Meat Company Limited for Quarter ended December 31, 2022

Financial Results

Karachi, The Organic Meat Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on March 01, 2023.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2023 which portrayed a profit of Rs. 92,181,649 with earnings per share 0.68 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

“The Company was incorporated on July 14, 2010. The principal office of the company and the plant is situated at Survery# 310, Deh Shah Mureed, Gadap, and Karachi, Pakistan. The company is principally engaged in the business of sale and purchase of livestock, slaughtering animal by Halal means and processing and packaging of meat and allied products.

The processing plant of the Company is based in Karachi, Pakistan, possesses various facilities to provide tender, fresh, and healthy meat to our valued customers globally.

The total numbers of shares are 111,817,777. The Earnings per share is 3.71 in 2020 which was 4.46 in 2019. The Profit after taxation is 266,353,000 in 2020 which was 217,970,000 in 2019.”