Karachi, Pakistan Cables Limited informed Pakistan Stock Exchange that the right shares were fully subscribed by the shareholders and the proceeds from the issue were credited in their bank account on July 16, 2018.
Pakistan Cables Limited was incorporated in Pakistan as a private limited company on 22 April 1953 and in 1955 it was converted into a public limited company. The Company is engaged in the manufacturing of copper rods, wires, cables and conductors, aluminum extrusion profiles and PVC compounds.
The Company is listed on Pakistan Stock Exchange with the total number of Shares that are 35,577,970. The Earnings per shares of the Company (2.58) in 2020 which was 3.56 in 2019. The Profit After Taxation in 2020 is (91,786,000) which was 126,233,000 in 2019.