Lotte Chemical Pakistan Limited Announces AGM with Financial Statements and Dividend Payout

Karachi, Lotte Chemical Pakistan Limited has announced its 26th Annual General Meeting (AGM) scheduled for 18 April 2024, with a focus on the adoption of audited financial statements, approval of a final cash dividend, and the appointment of auditors for the upcoming fiscal year.

The AGM is set to address the adoption of the company’s audited financial statements along with the Directors’ and Auditors’ reports for the year ending 31 December 2023. This marks a significant event in the company’s annual schedule, providing shareholders with insights into its financial health and operational success.

Furthermore, shareholders will consider and are expected to approve a final cash dividend of 10%, amounting to Rs. 1.00 per share for the fiscal year ended 31 December 2023. This decision follows the recommendation by the company’s directors, indicating a distribution of profits back to its shareholders.

Another key agenda item for the meeting is the appointment of the company’s auditors for the year ending 31 December 2024. Shareholders will also determine the remuneration for the appointed auditors, ensuring transparency and accountability in the company’s financial auditing processes.

The AGM is a pivotal moment for Lotte Chemical Pakistan Limited, as it reflects on the past year’s achievements and sets the groundwork for future financial and operational strategies.