Linde Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 22, 2016.
The agenda of the meeting was discussion of profit and loss account for six months period and quarter ended June 30, 2016 which portrayed a profit of Rs. 99,050 and Rs. 51,115 with earnings per share 3.96 and 2.05 basic and diluted respectively.
Further, Rs. 1.50 payment of cash dividend, nil bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from September 20, 2016 to September 26, 2016 (both days inclusive). The announcement is available at
Linde Pakistan Limited formerly known as BOC Pakistan Limited was incorporated in Pakistan under the Companies Act, 1913 now known as Companies Ordinance, 1984. The foundation of the company was laid as a private limited company in 1949 and converted into a public limited company in 1958. The company is a subsidiary of The BOC Group Limited whereas its ultimate parent company is Linde AG, Germany. The company was rebranded as Linde Pakistan limited on September 14, 2011.
Linde Pakistan Limited is a member of the Linde Group, a supplier of gas and engineering solutions globally. The Linde Group is a world-leading gases and engineering company with around 62,000 employees in more than 100 countries worldwide. The company is operating in Pakistan for over more than 65 years. The registered office of the company is located at Karachi. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan.
The company manufactures and distributes industrial, medical and specialty gases. Besides this the company is also engaged in the manufacturing of welding products and provides a range of related services including installation of on-site plants, gas equipment, pipelines and associated engineering services.
The production facility of the company includes ten gas plants producing atmospheric gases, CO2, hydrogen, dissolved acetylene and nitrous oxide, spread across various major cities of Pakistan. The sales centers of the business are spread all across Pakistan.
The symbol "LINDE" is being used by the stock exchange for the shares of Linde Pakistan Limited.
© Pakistan Press International, source Asianet-Pakistan