Pakistan PVC Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 25, 2020.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2019 which portrayed a loss of Rs. 4,310,771 with loss per share 0.29 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/143337.pdf

Pakistan PVC Limited is a Chlor-Alkali/PVC Complex, producing PVC Resins and processing these and other thermo-plastic compounds into finished and semi-finished products. The Plant is situated at Shaffiabad , Gharo district Thatta , 66 KM from Karachi. Another production facility for pipes and fittings has been put up at Islamabad Industrial Area.

The symbol "PPVC" is being used by the stock exchanges for the shares of Pakistan PVC Limited.

© Pakistan Press International, source Asianet-Pakistan