The profit after tax of Pakistan International Container Terminal (PICT) has increased to Rs 935.689 million in the year ended June 30, 2009 as compared to Rs 529.260 million earned in 2008. The company's earning per share (basic) surged to Rs 10.09 (diluted Rs 8.59) in the period under review against Rs 5.62 (diluted Rs 4.86) in the same period last year.
The board of directors of the company in its meeting held on Monday recommended a final cash dividend at Re 1.00 per share, ie 10 percent against preference shares for the period. The board also recommended issuing 20 percent bonus shares in the proportion of one ordinary share for every five ordinary shares subject to approval in the forthcoming annual general meeting.
According to the financial results, the company's net turnover increased to Rs 4.564 billion in 2009 against Rs 3.134 billion in 2008. The terminal operating cost increased to Rs 2.494 billion against Rs 1.808 billion. The company's profit before taxation increased to Rs 1,174.528 million in 2009 against Rs 740.994 million earned in 2008.
Comments
Comments are closed.