Karachi, Shell Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on March 15, 2023.
The agenda of the meeting was discussion of profit and loss account for Year ended December 31, 2022 which portrayed a loss of Rs. 82,307,000 with loss per share 0.34 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from April 27, 2023 to March 04, 2023 (both days inclusive).
The announcement is available at:
Shell Pakistan Limited is a limited liability Company incorporated in Pakistan. The Company is a subsidiary of Shell Petroleum Company Limited, United Kingdom which is a subsidiary of Royal Dutch Shell Plc. The Company markets petroleum products and compressed natural gas. It also blends and markets various kinds of lubricating oils.
The total number of shares the company has introduced are 214,024,662. The Earnings per share is (45.05) in 2020 which was (13.88) in 2019. The Company had a loss of Rs. 4,821,027,000 in 2020 compared to a loss of Rs. 1,485,767,000 in 2019