PNSC declares 20 percent cash dividend

PNSC Board of Directors in its meeting on September 21, 2016 has reviewed and approved its financial performance and position for the year ended June 30, 2016. Group After Tax Profit of Rs 2,323 million has been achieved during this year against Rs 2,116 million in the last year, Earnings Per Share for the Group increased to Rs 17.59 from Rs 16.02 in the corresponding last year. Final Cash Dividend of 20% (Rs 2.0/share) for the year ended June 30, 2016 has been declared against 15% (Rs 1.5/share) last year. Internationally, shipping industry being persistently on the losses curve of the cycle as a consequence many shipping companies have declared itself bankrupt. PNSC have achieved better results by focusing on more profitable ventures besides retaining its repute as one of the major contributors to sea borne trade in Pakistan. PNSC have achieved these good results by means of cutting costs and deploying its vessels most effectively.


 

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