Karachi, Pakistan General Insurance Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on August 30, 2021.
The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2021 which portrayed a loss of Rs. 8,639635 with loss per share 0.18 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
The Pakistan General Insurance Company Limited was incorporated in Pakistan as a public limited company on July 26, 1947. The Company is engaged in providing general insurance services in spheres of Fire and property damage; Marine, aviation and transport, Motor and Miscellaneous.
The company is quoted its shares on Pakistan Stock Exchange Limited with the total number of shares that are 46,401,450. The Earnings per share of the Company (0.90) in 2020 which was (0.42) in 2019. The Company had a loss of Rs. 42,279,000 in 2020 which was 19,530,000 in 2019.