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    BERG   PK0020401011

BERGER PAINTS PAKISTAN LIMITED

(BERG)
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Board of directors meeting of Berger Paints Pakistan Limited

02/03/2020 | 08:29am EDT

Berger Paints Pakistan Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 25, 2020 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended December 31, 2019.

Further, the company has declared the closed period from January 19, 2020 to February 25, 2020.

The announcement is available at:

https://dps.psx.com.pk/download/image/142165-1.gif

Berger Paints Pakistan Limited was incorporated in Pakistan on March 25, 1950 as a private limited company under the Companies Act, 1913 now Companies Ordinance, 1984 and was subsequently converted into a public limited company in 1974. Slotrapid Limited, based in British Virgin Island is the holding company. The company is engaged in the manufacturing of paints, varnishes and other related items. The shares of the company are quoted on the Karachi and Islamabad stock exchanges of Pakistan. The registered office of the company is situated at Karachi and the principle manufacturing facility of the company is situated at Lahore.

The company has number of technical collaboration arrangements with leading international manufacturers. These include paint companies which enable developing Automotive, Vehicle Refinishes and Industrial Paints conforming to international standards; a Japanese chemical company, for Bumper Paints; PCS Powders, UK for Powder Coatings; DPI Sendirian Berhad, Malaysia for Road & Runway Markings; Cerachem for Construction Chemicals and Asian Paints for Decorative Paints. The company has also acquired distribution rights of DuPont for Pakistan's vehicle refinish paint segment.

The symbol "BERG" is being used by the stock exchanges for the shares of Berger Paints.

© Pakistan Press International, source Asianet-Pakistan

Stocks mentioned in the article
ChangeLast1st jan.
BERGER PAINTS BANGLADESH LIMITED 0.50% 1860.4 End-of-day quote.30.14%
BERGER PAINTS PAKISTAN LIMITED -7.50% 111.16 End-of-day quote.21.49%
PAKISTAN STOCK EXCHANGE LIMITED -0.52% 20.97 End-of-day quote.41.50%
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Financials
Sales 2020 4 306 M 25,6 M 25,6 M
Net income 2020 73,4 M 0,44 M 0,44 M
Net Debt 2020 1 359 M 8,07 M 8,07 M
P/E ratio 2020 17,3x
Yield 2020 1,61%
Capitalization 2 274 M 13,5 M 13,5 M
EV / Sales 2019 0,53x
EV / Sales 2020 0,61x
Nbr of Employees 509
Free-Float 47,9%
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Managers and Directors
Mahmood Ahmad Chief Executive Officer & Executive Director
Abdul Wahid Qureshi Chief Financial Officer & Secretary
Maqbool H. H. Rahimtoola Chairman
Muhammad I. Naseem Independent Director
Zafar Aziz Osmani Independent Director
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