Karachi, Atlas Battery Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 26, 2019.
The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2019 which portrayed a loss of Rs. 197,985 with loss per share 8.13 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Atlas Battery Limited was incorporated as a public limited company on October 19, 1966. The company is engaged in manufacturing and sale of automotive and motorcycle batteries. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office and manufacturing facility of the company is located in Karachi.
The company manufactures polypropylene and hard rubber batteries to cater the needs of passenger cars of varied capacities, trucks, tractors, heavy vehicles, construction and road building equipment, as well as host of stationary and industrial applications. Motorcycle batteries have also been added to this range.
The symbol “ATBA” is being used by the stock exchanges for the shares of Atlas Battery Limited.