Pakistan Company News – Financial results of Singer Pakistan Limited for Year ended December 31, 2017

Financial results of Singer Pakistan Limited for Year ended December 31, 2017

Karachi, Singer Pakistan Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on June07, 2018.

The agenda of the meeting was discussion of consolidated and unconsolidated profit and loss account for year ended December 31, 2017 which portrayed a profit of Rs. 327,508 and Rs. 188,458 with earnings per share 3.50 and 2.01 basic and diluted respectively.

Further, 12.5% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from June23, 2018 to June 30, 2018 (both days inclusive).

Singer Pakistan Limited incorporated in Pakistan as a public company limited by shares. The operations have been running in Pakistan since 1877. The parent company of SPL is Retail Holding N.V., Netherlands. The operations of the company include retailing and trading of domestic consumer appliances and other light engineering products. The company is also engaged in manufacturing and assembling of the same. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Karachi.

The products of the company includes audio products, video products, cooling products, gas appliances, washing machine, motorcycles, sewing knitting and IP, generators, microwave ovens, digital products, small appliances and water purifiers.

The symbol “SING” is being used by the stock exchange for the shares of Singer Pakistan Limited.