Karachi: Unilever Pakistan Foods Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on March 07, 2016.
The agenda of the meeting was discussion of un-audited interim profit and loss account for the year ended December 31, 2015 which portrayed a profit of comprehensive income Rs. 1,227,707,000 and earnings per share Rs. 200.09 basic and diluted.
Further, Rs. 96 per share i.e. 960% payment of cash dividend, nil payment of bonus shares and right shares was agreed.
The annual general meeting of the company is scheduled to be held on March 20, 2016 at the registered office of the company in Karachi.
Further, the share transfer books of the company will remain closed from March 14, 2016 – March 20, 2016 both days inclusive.
Unilever Pakistan Foods Limited is a limited liability company incorporated in Pakistan. The foundations of the company are formed under the Companies Ordinance, 1984. It manufactures and sells consumer and commercial food products under brand names of Rafhan, Knorr, Energile, Glaxose-D and Foodsolutions. The company is listed on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Karachi.
The company is a subsidiary of Conopco Inc. USA, whereas its ultimate parent company is Unilever N.V. Holland. Unilever represents in 150 countries globally with over 200,000 employees. In Pakistan, Unilever made its debut in 1948, and today it is one of the most prominent multinationals in the country operating though two affiliated companies viz. Unilever Pakistan and Unilever Pakistan Foods. The two public listed limited companies have 5 wholly owned and 7 third party manufacturing sites across Pakistan and employees around 1,500 people on their payroll and many thousands indirectly.
The symbol “UPFL” is being used by the stock exchanges for the shares of Unilever Pakistan Foods Limited.