Financial results of TPL Properties Limited for Year ended June 30, 2019.

Karachi -- TPL Properties Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 30, 2019.

The agenda of the meeting was discussion of consolidated and unconsolidated profit and loss account for year ended June 30, 2019 which portrayed a profit of Rs. 676,253,922 and Rs. 730,061,838 with earnings per share 2.07 and 2.23 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

The announcement is available at:

https://dps.psx.com.pk/download/document/134053.pdf

TPL Properties Limited was incorporated in Pakistan as a private limited company on February 14, 2007 under the Companies Ordinance, 1984. The principal activity of this real estate development company is to invest, purchase, develop, sell, rent out or dispose off real estate assets including commercial and residential buildings. The registered office of the company is situated at Centrepoint Building, off Shaheed-e-Millat Expressway near KPT Interchange, Karachi.

TPL Properties Limited is the real estate development arm of TPL Holdings (Pvt) Ltd. The company has successfully completed...