Waves Singer Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on May 30, 2020.

The agenda of the meeting was discussion of consolidated and unconsolidated profit and loss account for year ended December 31, 2019 which portrayed a profit of Rs. 378,301 and Rs. 260,085 with earnings per share 2.02 and 1.39 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/148368.pdf

Waves Singer Pakistan Limited was incorporated in Pakistan under the repealed Companies Ordinance, 1984 (now Companies Act, 2017) as a public company limited. The company is principally engaged in retailing and trading of domestic consumer appliances and other light engineering products, besides the manufacturing and assembling of the same.

© Pakistan Press International, source Asianet-Pakistan