MS AR 2018 (1)
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NOTES TO THE<br />
FINANCIAL STATEMENTS<br />
FOR THE YE<strong>AR</strong> ENDED JUNE 30, <strong>2018</strong><br />
50. SUBSEQUENT EVENTS - NON ADJUSTING EVENTS<br />
The Board of Directors in their meeting held on September 19, <strong>2018</strong> has proposed a final cash dividend of Rs.<br />
2.20/- per share (2017: Rs. 0.60/- per share) for the year ended June 30, <strong>2018</strong>, amounting to Rs. 553.519 million<br />
(2017: Rs 150.960 million) subject to the approval of members at the annual general meeting. The effect of final<br />
cash dividend shall be accounted for in the period in which it is approved by the members.<br />
51. DATE OF AUTHORIZATION<br />
These financial statements were authorized for issue on September 19, <strong>2018</strong> by the Board of Directors of the<br />
Company.<br />
52. GENERAL<br />
The figures have been rounded off to the nearest rupee.<br />
Khurram Javaid<br />
Chief Executive Officer<br />
Muhammad Zafar Iqbal<br />
Chief Financial Officer<br />
Muhammad Mubeen Tariq Mughal<br />
Director<br />
136 MUGHAL IRON & STEEL INDUSTRIES LIMITED
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