Power Cement Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on May 20, 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. 1,384,677 with loss per share 1.30 basic and diluted respectively.

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

Furthermore, the share transfer books of the company will remain closed from July 16, 2020 to July 20, 2020 (both days inclusive).

The announcement is available at:

https://dps.psx.com.pk/download/document/148034.pdf

Power Cement Limited formerly Al-Abbas Cement Industries Limited was established as a private limited company on December 1, 1981. On July 9, 1987 the company was converted into a Public Limited Company. The core operation of the company includes manufacturing and selling cement. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges in Pakistan. The registered office of the company is located in Karachi.

Power Cement Limited is part of the Arif Habib Group which is related to securities brokerage, investment and financial advisory, investment management, commercial banking, commodities, and private equity cement and fertilizer industry.

The symbol "POWER" is being used by the stock exchanges for the shares of Power Cement Limited.

© Pakistan Press International, source Asianet-Pakistan