Karachi, United Distributors Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 28, 2022.
The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2022 which portrayed a loss of Rs. 397,502 with loss per share 11.27 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
United Distributors Pakistan Limited was incorporated in Pakistan as a Public Company limited by shares. Its principal business activities are manufacturing, trading and distribution of pesticides, fertilizers and other allied products.
The companies include; Dow Agro Sciences (USA), FMC Corporation (USA), Pioneer Seeds (USA), Nichimen (Japan) and currently DuPont (USA). The businesses of FMC United as well as Pioneer Seeds were developed almost exclusively by UDL and currently have Joint Ventures with both of them.
The total number of shares of the Company is 35,271,134. The Earning per share is (6.32) in 2020 which was 1.64 in 2019. The Profit After Taxation in 2020 is (223,039,000) which was 50,371,000 in 2019.