Progress Report of Bawany Air Product Limited

Karachi, Bawany Air Product Limited informed Pakistan Stock Exchange that the buyer has withdrawn its case but the Honorable Senior Civil Judge Mr. Abdul Muqeet did not accept the settlement in yesterday’s hearing on August 16, 2022.

Bawany Air Products Limited is a public limited Company incorporated in Pakistan on August 16, 1978. The principal activities of the Company are production and trading of oxygen gas, dissolved acetylene and nitrogen gas. The manufacturing facilities are located at Hub Industrial Estate, Tehsil Hub in the province of Baluchistan.

The total numbers of shares are 7,502,510. The Earnings per share is (11.62) in 2020 which was (1.93) in 2019. The Company had a loss of Rs. 87,187,000 in 2020 which was 14,467,000 in 2019.