Karachi, United Distributors Pakistan Limited informed Pakistan Stock Exchange that he Board of Directors of the Company has approved to appoint M/s Optimus Capital Management (Private)
Limited to evaluate potential divestment opportunity of one of its investments. Any decision pertaining to such divestment will be made by the Board of Directors after an elaborate report is submitted by Optimus Capital Management (Private) Limited.
“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.”