Board of directors meeting Rescheduled of Johnson and Phillips (Pakistan) Limited

Karachi, Johnson and Phillips (Pakistan) Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on June 30, 2021 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended June 30, 2021 for declaration of any entitlement has been rescheduled on June 30, 2021.

Further, the company has declared the closed period from September 21, 2021 to September 30, 2021.

Johnson & Phillips (Pakistan) Limited was incorporated in Pakistan as a public limited company on April 15, 1961. The Company is principally engaged in manufacturing, installation and selling of electrical equipment’s.

In 1948, J&P opened a small sales office in Karachi. By 1949, it had built two production bays and an office block at Sindh Industrial trading Estates, Karachi where it commenced the manufacture of low tension Switchboards incorporating imported circuit breakers and switch-fuses.

In 1954, work started on two new productions bays and these were completed early the following year. Jigs were imported and machinery bought to extend the range of manufacture to High Tension Switchboards

The total numbers of shares are 5,450,000. The Earnings per share is (9.97) in 2020 which was (6.50) in 2019. The company had a loss of Rs. 54,314,000 in 2020 which was 35,452,000 in 2019.