SPEL declares 5% cash dividend for FY22

MG News | January 31, 2022 at 10:07 AM GMT+05:00

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January 31, 2022 (MLN): Synthetic Products Enterprises Limited (SPEL) has declared an interim cash dividend of Rs0.25 per share i.e., 5% for the year ended June 30, 2022, company’s filing on bourse showed today.

During 1HFY22, the company registered 62% growth in turnover and delivered 50% growth in net profit after tax to Rs256.9 million, compared to the same period of the previous year despite exchange rate fluctuations and macroeconomic challenges.

The company is enlarging its footprints and exploring new markets. Last year in June, the company announced the successful completion of its new project in Karachi.

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