Pakistan Industrial Credit and Investment Corporation (Picic) has declared a 12.5 percent interim cash dividend for the second quarter ended on June 30, 2004.
According to Picic here on Friday, this approval was given by the 268th Board of Directors meeting which approved financial statement of the corporation here on Friday. The total cash dividend for half year is estimated at 25 percent.
It was pointed out that Picic had already announced an interim cash dividend at a rate of 12.5 percent for the first quarter ended March 31, 2004.
The half-yearly results exhibited excellent growth as corporation posted a pre-tax profit of Rs 1.005 billion while profit after taxation has been estimated at Rs 831.348 million for the period under review.
The earning per share of the corporation has more than doubled from Rs 2.39 in June 2003 to Rs 5.33 on June 30, 2004.
Similarly, the total income surged from Rs 626.988 million in June 2003 to Rs 1.25 billion in the period under review.
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