Cherat Packaging Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 30, 2020.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2020 which portrayed a profit of Rs. 1,214 with earnings per share 0.03 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

The announcement is available at:

https://dps.psx.com.pk/download/document/147230.pdf

Cherat Packaging Limited is a company incorporated in Pakistan. The foundations of the company are laid under the Companies Ordinance, 1984. The company was converted into a public limited company in the year 1989. The principal activity of the business is manufacturing, marketing and sale of paper sack and polypropylene bags. The commercial production of the company started on December 15, 1991. It is listed on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Peshawar.

The symbol "CPPL" is being used by the stock exchange for the shares of Cherat Packaging Limited.

© Pakistan Press International, source Asianet-Pakistan