Flying Cement Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on May 30, 2020.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2020 which portrayed a loss of Rs. 110,700,204 with loss per share 0.63 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/148391.pdf

Flying Cement Company Limited formerly known as Zaman Cement Company Limited was incorporated in Pakistan on December, 1992 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The main objective of the company is manufacture and sale of cement. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located at Lahore. The factory is located in Mangowal and it comprises of land in excess of 121 acres.

The company has a single kiln having an installed capacity of 4000 tons per day of clinker using the dry process technology. The rated capacity of the plant is 1,260,000 metric tons of cement per annum.

The symbol "FLYNG" is being used by the stock exchanges for the shares of Flying Cement Company Limited.

© Pakistan Press International, source Asianet-Pakistan