Karachi, Thal Industries Corporation Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on May 25, 2017.
The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2017 which portrayed a profit of Rs. 355,923,383 with earnings per share 23.69 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
The Thal Industries Corporation Limited is a public limited company incorporated in Pakistan on September 7, 1953. The foundation of the company is formed under the Companies Ordinance, 1984. The company is principally engaged in production and sale of sugar and its by-products. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Multan.
The company produces several grades of quality sugar and is involved in the co-generation to export surplus electricity to the national grid. The company has two sugar manufacturing units namely Layyah Sugar Mills with a crushing capacity of 12,000 TCD and Safina Sugar Mills with a crushing capacity of 7,500 TCD.
The symbol “TICL” is being used by the stock exchanges for the shares of the Thal Industries Corporation Limited.