Karachi, Arif Habib Corporation Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on November 27, 2019.
The agenda of the meeting was discussion of consolidated profit and loss account for Quarter ended September 30, 2019 which portrayed a profit of Rs. 629,777,805 with earnings per share 1.26 and unconsolidated profit and loss account for Quarter ended September 30, 2019 which portrayed a loss of Rs. 1,346,664,899 with earnings per share 3.15 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Arif Habib Corporation Limited is a holding company of Arif Habib Group incorporated in Pakistan under the Companies Ordinance, 1984. Arif Habib Corporation Limited was incorporated in Pakistan on November 14, 1994 as a public limited company. The principal activity of the Company is to manage strategic investments in subsidiary companies and associates engaged in chemical, fertilizer, financial services, construction materials, industrial metal, steel and other sectors including investments in securities. The company has a portfolio across sectors including fertilizers, financial services, construction materials, industrial metals, dairy farming, energy and others. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi.
The symbol “AHCL” is being used by the stock exchanges for the shares of Arif Habib Corporation Limited.