Karachi, Wyeth Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on March 28, 2019.
The agenda of the meeting was discussion of profit and loss account for quarter ended February 02, 2019 which portrayed a profit of Rs. 38,126 with earnings per share 26.82 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Wyeth Pakistan Limited is a public limited company incorporated in
1949 in Pakistan. The company is engaged in manufacturing and marketing of
research based ethical specialties and other pharmaceutical products. With
effect from October 15, 2009 Pfizer Inc. has acquired WYETH LLC, USA.
Accordingly Pfizer Inc. USA has become the ultimate parent USA of the company
however, Wyeth LLC, USA continues to be the principal shareholder of the
company. The stocks of the company are quoted on the Karachi and Lahore Stock
Exchanges of Pakistan. The registered office of the company is located in
Karachi.
The symbol “WYETH” is being used by the stock exchanges for the shares of Wyeth
Pakistan Limited.
