Karachi, Engro Corporation Limited informed Pakistan Stock Exchange that the resolution passed in annual general meeting of the company held on March 30, 2023 at Karachi.
“Resolved that in addition to the interim cash dividend of Rs. 33.00 per share already declared and paid during the year, the final cash dividend for the year ended December 31, 2022 at the rate of Rs. 1.00 per share (10%), be and is hereby declared payable to those shareholders whose names appeared in the Register of Members of the Company on March 22, 2023, as recommended by the Directors.”
“Resolved that the Annual Audited Accounts of the company for the year ended December 31, 2022 together with the Reports of the Independent Auditors, Chairman and Director’s review reports thereon be and are hereby approved and adopted.”
Engro Corporation Limited was incorporated in Pakistan as a Public Listed Company. It is a subsidiary of Dawood Hercules Corporation Limited, which is the parent Company. The principal activity of the Company is to manage investments in subsidiary companies, associated companies and joint venture, engaged in fertilizers, PVC resin manufacturing and marketing, food, energy, development and operations of telecommunication infrastructure, LNG, Chemical terminal and storage businesses.
The Shares of the Company are 576,163,230. The Earnings pee shares of the company is 28.29 in 2020 which was 24.83 in 2019. The Company had a Profit of Rs. 16,301,478,000 in 2020 which was 14,303,318,000 in 2019.