Transaction of 6,000 shares of Biafo Industries Limited

Karachi, Biafo Industries Limited informed Pakistan Stock Exchange about transaction of shares of the company. 2,000 shares @ Rs. 55.25 per share were bought from the market on March 07, 2023 and 4,000 shares @ Rs. 55.12 per share were bought from the market on March 07, 2023 through CDC.

The Biafo Industries Limited was incorporated in Pakistan on September 07, 1988, as a Public Limited Company. The Company is engaged in the manufacturing of commercial explosives and blasting accessories including detonators and other materials, and started its commercial production on July 01, 1994. The Company’s license for manufacturing and sale of explosives is required to be renewed annually. They have registered office in Islamabad and their plant is located at Haripur Pakistan.

The number of shares the company has introduced are 38,332,800. The Earnings per share has decreased in 2020 and is 7.06 compare to 13.63 in 2019. The profit after taxation in 2020 is 245,871,000 which was 359,892,000 in 2019.