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

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for quarter ended March 31, 2020 which portrayed a loss of Rs. 16,354 and Rs. 32,075 with loss per share 0.05 and 0.11 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 April 01, 2020 to April 01, 2020 (both days inclusive).

The announcement is available at:

https://dps.psx.com.pk/download/document/147275.pdf

Telecard Limited is a company incorporated in Pakistan on October 29, 1992 as a public limited company. The company is licensed to provide fully integrated telecommunication services, including basic wireless telephony, long distance and international services and payphones. The shares of the company are quoted on the Karachi and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Islamabad.

The subsidiary companies of the group are Supernet Limited, Telecard Asia (UK) Limited, Telecard E-Solutions Private Limited, Telegateway Limited, Nexus Communications Private Limited, Glitz Communicatioon Private Limited and Globetech Communication Private Limited.

The symbol "TELE" is being used by the stock exchanges for the shares of Telecard Limited.

© Pakistan Press International, source Asianet-Pakistan