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PAK ARAB REFINERY DECLARES 34 PCT DIVIDEND.

AsiaPulse News

| January 02, 2002 | COPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

KARACHI, Jan 2 Asia Pulse - The 89th Board meeting of the Pak Arab Refinery, declared a cash dividend of 34 per cent for the year 2000-01, together with the issue of four bonus shares for every Rs10 face value share held (432 per cent). The meeting, presided over by Syed Salim Abbas Jilani, as new chairman at PARCO headquarters, observed that the company's performance showed an incredible growth of the asset base from Rs68.5 billion (US$1.14 billion) to Rs91 billion, recording an increase of 33 per cent.

The total value of the approved bonus shares at Rs9.44 billion will push the paid up capital of the company close to Rs12 billion, consequently the authorised ...

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Source: HighBeam Research, PAK ARAB REFINERY DECLARES 34 PCT DIVIDEND.

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