Berger Paints Pakistan Limited Announces Interim Bonus Issue and Fiscal Year 2023 Financial Results.

Karachi -- In a recent Board of Directors meeting convened on September 22, 2023, through a virtual platform, Berger Paints Pakistan Limited, a leading name in the paint industry, unveiled significant corporate decisions and released its financial results for the fiscal year ending on June 30, 2023.

The Board of Directors, demonstrating its commitment to shareholder value, approved an Interim Bonus Issue for the company's shareholders. This bonus issue, previously credited on June 14, 2023, awarded shareholders one additional share for every five shares held, equating to a 20% bonus issue. This strategic move aims to reward the company's loyal investors and bolster their stake in the company.

In addition to the bonus issue, the board also deliberated and approved a Cash Dividend, signaling the company's commitment to distributing profits to its shareholders. Details of the cash dividend were not provided in the announcement.

Notably, the board decided not to issue Right Shares or any other entitlements, affirming its cautious approach in accordance with the company's current financial outlook and strategic goals.

Furthermore, the board's meeting did not yield any Price-Sensitive Information or other significant corporate actions.

Financial Results Highlights:

Berger Paints Pakistan Limited disclosed the financial results for the year ending on June 30, 2023. The figures for both the standalone (excluding...