Pakistan International Container Terminal Limited (PICTL) has posted Rs 331.187 million as profit after tax in the 2007 financial year as compared to Rs 291.270 million earned in the corresponding period in 2006 financial crisis.
The earning per share (basic) of the company increased to Rs 4.13 in the period under review against Rs 3.61 in the same period last year, while the earning per share diluted stood at Rs 3.63 in this period against Rs 3.10 previously.
Informing the Karachi Stock Exchange (KSE), the PICTL said that the net turnover of the company increased to Rs 2,186.064 million in 2007 financial year against Rs 1,707.760 million in 2006 financial year.
The company's profit before tax stood at Rs 520.118 million in this period against Rs 450.580 million previously. The board of directors of the company, in its meeting held here on Thursday, recommended a cash dividend at 10 percent per annum against preference shares for the year.
The board also recommended issuing bonus shares in the proportion of one ordinary share for every five ordinary shares, ie 20 percent subject to increase in authorised capital in the forthcoming annual general meeting.
The board of directors proposed to increase authorised capital of the company from the existing rupees one billion divided into 82 million ordinary shares of Rs 10 each and 18 million preference shares of Rs 10 each to rupees two billion divided into 182 million ordinary shares of Rs 10 each and 18 million preference shares of Rs 10 each.
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