Karachi, Baluchistan Wheels Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on January 08, 2018.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2017 which portrayed a profit of Rs. 17,299 with earnings per share 1.30 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Baluchistan Wheels Limited was incorporated in Pakistan on June 16, 1980. The company manufactures automotive wheel rims for trucks, buses, tractors, cars and mini commercial vehicles. The registered office of the company is located in Karachi. The factory of the company is located in Baluchistan. The stocks of the company are quoted on the Karachi Stock Exchange.
The symbol “BWHL” is being used by the stock exchanges for the shares of Baluchistan Wheels Limited.