United Brands Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 22, 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. 63,144 and Rs. 41,556 with loss per share 0.69 and 0.45 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/146314.pdf

United Brands Limited is a company incorporated in Pakistan by the name of UDL industries Limited in 1965. Later the name of the company was changed for expansion of the existing operations. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activities of the company are trading and distribution of consumer goods, allioed products and pharmaceuticals. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi.

United Brands Limited is Marketing, Selling and Distribution Company engaged in marketing, selling and distribution of a wide range of various products.

The symbol "UBDL" is being used by the stock exchanges for the shares of United Brands Limited.

© Pakistan Press International, source Asianet-Pakistan