Karachi, Pak Elektron Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on April 04, 2023 at Lahore. The agenda of the meeting will to consider the Annual Accounts for the period ended December 31, 2022.
Further, the company has declared the closed period from March 29, 2023 to April 04, 2023.
Pak Elektron Limited (PEL) was incorporated in Pakistan on March 3, 1956 as a public limited company. The principal activity of the company is manufacturing and sale of electrical capital goods and domestic appliances. The company is organized in two divisions – Power and Appliances.
In 1978, PEL was acquired by Saigol Group and was taken public a decade later. Over the years, PEL has formed alliances with several international giants, including General Electric, Fujitsu, and Hitachi.
The total number of share of the Company are 497,681,485. The Earnings per shares is 0.36 in 2020 which was 0.27 in 2019. The Profit After Taxation is 223,849,000 in 2020 which was 177,842,000 in 2019.