Transaction of 377,500 shares of Javedan Corporation Limited

Karachi, Javedan Corporation Limited informed Pakistan Stock Exchange about transaction of shares of the company. 23,500 shares @ Rs. 47.00 per share were bought from the market on April 25, 2022, 60,000 shares @ Rs. 47.00 per share were bought from the market on April 27, 2022 and 294,000 shares @ Rs. 47.00 per share were bought from the market on April 28, 2022 through CDC.

Javedan Corporation Limited was incorporated in Pakistan on June 08, 1961, as a public limited company. The Company has ceased its cement business since July 01, 2010 and management has developed business diversification strategy for utilizing the Company land for developing a housing scheme, Naya Nazimabad which will include bungalows, open plots, flat sites, and commercial sites.

Total number of shares the company has introduced are 317,383,706. The Earnings per shares of the Company is 0.75 in 2020 which was 1.83 in 2019. The Profit after Taxation of the Company is 236,700,000 in 2020 which was 579,800,000 in 2019.