Fauji Cement Company Ltd will issue 637.826 million right shares of Rs 10 each at a 50 percent discount.
According to a communique despatched to Karachi Stock Exchange, the company said that right shares will be offered at Rs 5 per share.
From: Brecorder
The Board of Directors of Oil and Gas Development Company Limited (OGDCL) on Wednesday announced second interim cash dividend at Rs1.75 per share (ie 17.50 per cent) for the second quarter ended December 31, 2006. This is in addition to the first interim dividend of Rs1.75 per share already declared during the current financial year.
The net income of the company for the first half (July-December 2006), stood at Rs23.1 billion (EPS Rs5.37) compared to Rs20.3 billion (EPS Rs4.72) previously. This represents a growth of 14 per cent in bottom-line.
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