Karachi, Dadabhoy Construction Technology Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 16, 2018.
The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2018 which portrayed a profit of Rs. 44,963,643 with earnings per share 19.36 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Dadabhoy Construction Technology Limited was incorporated In Pakistan on April 7, 1981 by the name of Pak German Prefabs Limited as a Public Limited Company. During the year 2005 the company changed its name to Dadabhoy Construction Technology Limited after the merger with an associated company. The principal activities of the company are manufacture construction materials and related products. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located at Karachi.
The company is a producer of hi tech, super durable construction materials along with a series of prepackaged polymer, modified mortars each for specified applications. It has collaboration with Japanese, German and American Technologies. The products belonging to Hi-Bond Family of products can be used with high degree of success and with high cost – benefit ratio in all weather conditions of the country including frost – hit northern to saline – coastal areas for protection of concrete structures. The Hi-Bond products are used in the concrete construction field in the areas of repair, rehabilitation, maintenance, durability improvement, weather resistance, corrosion and chemical attack protection, seepage reduction, water proofing, water conservation, tile jointing and grouting. Hi-Bond Family of products comprises Hi-Bond Universal, Hi-Bond Sealer (All purpose, water Proofing, Weather and Chemical Resistant Sealing Slurry), HI-Bond Tile Adhesive, Hi-Bond Grey, White and Coloured Sanded and Unsanded Grouts and Hi-Bond (Coloured Decorative Paintable Coatings and Plasters)
The symbol “DCTL” is being used by the stock exchanges for the shares of Dadabhoy Construction Technology Limited.