Karachi, Berger Paints Pakistan Limited informed Karachi Stock Exchange about recommendations made by the board of directors in the meeting held at Karachi on February 23, 2015. The agenda of the meeting was discussion of un-audited interim profit and loss account for six month period ended December 31, 2014, which portrayed a profit of Rs. 38,183,000 and earnings per share 2.10 basic and diluted. Berger Paints Pakistan Limited was incorporated in Pakistan on March 25, 1950 as a private limited company under the Companies Act, 1913 now Companies Ordinance, 1984 and was subsequently converted into a public limited company in 1974. Slotrapid Limited, based in British Virgin Island is the holding company. The company is engaged in the manufacturing of paints, varnishes and other related items. The shares of the company are quoted on the Karachi and Islamabad stock exchanges of Pakistan. The registered office of the company is situated at Karachi and the principle manufacturing facility of the company is situated at Lahore. The company has number of technical collaboration arrangements with leading international manufacturers. These include paint companies which enable developing Automotive, Vehicle Refinishes and Industrial Paints conforming to international standards; a Japanese chemical company, for Bumper Paints; PCS Powders, UK for Powder Coatings; DPI Sendirian Berhad, Malaysia for Road & Runway Markings; Cerachem for Construction Chemicals and Asian Paints for Decorative Paints. The company has also acquired distribution rights of DuPont for Pakistan’s vehicle refinish paint segment. The symbol “BERG” is being used by the stock exchanges for the shares of Berger Paints.
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