Fauji Foods Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on January 27, 2020.

The agenda of the meeting was discussion of profit and loss account for year ended December 31, 2019 which portrayed a loss of Rs. 5,788,937,474 with loss per share 10.96 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/141881.pdf

Fauji Foods Limited (Formerly Noon Pakistan Limited) was incorporated in Pakistan on 26 September, 1966 as a Public Limited Company and its shares are quoted on Pakistan Stock Exchange Limited. In the private sector, Fauji Foods Limited (Formerly Noon Pakistan Limited) is the first Company in Pakistan to operate a Spray Dryer for processing of milk powder.

The symbol "FFL" is being used by the stock exchanges for the Fauji Foods Limited.

© Pakistan Press International, source Asianet-Pakistan