Karachi, TPL Properties Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 29, 2022.
The agenda of the meeting was discussion of consolidated and unconsolidated profit and loss account for Year ended June 30, 2022 which portrayed a profit of Rs. 5,292,489,241 and Rs. 4,877,074,145 with earnings per share 13.33 and 12.29 basic and diluted respectively.
Further, 50% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from October 20, 2022 to October 27, 2022 (both days inclusive).
“TPL Properties Limited was incorporated in Pakistan as a private limited company on February 14, 2007. The principal activities of this real estate development company are to invest, purchase, develop, sell, lease or dispose of real estate assets primarily in the commercial and residential asset classes.
The registered office of the company is situated at Centre point building, off Shaheed-e-Millat Expressway near KPT Interchange, Karachi.
TPL Properties Limited successfully completed its initial public offering conducted through a Book Building process in June 2016.
The total numbers of shares are 327,393,105. The Earnings per share is 0.85 in 2020 which was 2.23 in 2019. The Profit after Taxation is 276,980,000 in 2020 which was 730,062,000 in 2019. “