Lahore: Nishat (Chunian) Limited has announced its financial results for the half-year ending December 31, 2024. The Board of Directors convened on February 26, 2025, at the company's registered office in Lahore to discuss and approve the financial outcomes and shareholder entitlements.

During the meeting, the Board recommended an interim cash dividend for the quarter ending December 31, 2024, amounting to Rs. 1 per share, representing a 10% dividend payout. This entitlement applies to shareholders whose names appear in the Register of Members as of March 10, 2025. The share transfer books will remain closed from March 7 to March 12, 2025, inclusive of both days. Transfers of shares, whether physical or through the Central Depository System, received at the share registrar, Hameed Majeed Associates (Pvt) Ltd., up to the close of business on March 10, 2025, will be considered for dividend entitlement.

The company secretary, Muhammad Umer Qures, confirmed that no bonus shares, rights shares, or other corporate actions were announced during the meeting. Furthermore, there was no additional price-sensitive information disclosed at this time.

According to information available from the Pakistan Stock Exchange (PSX), the announcements by Nishat (Chunian) Limited fall under the designated market category of textile manufacturing. The company's unconsolidated and consolidated condensed interim statements of profit or loss for the period ending December 31, 2024, were provided as annexures to the financial results announcement.

The results reflect the company's performance amid the current market conditions, and the decisions taken by the Board aim to maintain shareholder value.