ICI Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on January 28, 2020.

The agenda of the meeting was discussion of consolidated and unconsolidated profit and loss account for quarter ended December 31, 2019 which portrayed a profit of Rs. 1,010,219 and Rs. 1,143,220 with earnings per share 11.00 and 12.38 basic and diluted respectively.

Further, 110% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from February 17, 2020 to February 23, 2020 (both days inclusive).

The announcement is available at:

https://dps.psx.com.pk/download/document/141936.pdf

ICI Pakistan Limited is a company incorporated in Pakistan. It is engaged in the manufacture of polyester staple fibre, POY chips, soda ash, specialty chemicals, sodium bicarbonate and polyurethanes. It also markets seeds, toll manufactured and imported pharmaceuticals and animal health products and is a merchant of general chemicals. Besides this the company also acts as an indenting agent and toll manufacturer. The registered office of the company is located in Karachi. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchange of Pakistan.

The subsidiary of the company is ICI Pakistan Power Gen Limited incorporated in Pakistan as an unlisted public company. It is a wholly owned subsidiary company of ICI Pakistan Limited which is engaged in generating, selling and supplying electricity to the Company.

The symbol "ICI" is being used by the stock exchange for the shares of ICI Pakistan Limited.

© Pakistan Press International, source Asianet-Pakistan