Karachi, Cherat Cement Company Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on January 07, 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. 743,449 with earnings per share 4.21 basic and diluted respectively.
Further, 10% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from March15, 2018 to March 21, 2018 (both days inclusive).
Cherat Cement Company Limited is a company incorporated in Pakistan in 1981 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is manufacturing, marketing and sale of cement. It also manufactures high quality grey Portland cement. It is equipped with updated and approved production and quality control systems. It is one of the largest producers and suppliers of cement in the province of NWFP. The production capacity of the company is 2500 tons/ day. The stocks of the company are quoted on the Karachi, Lahore and Islamabad stock exchanges of Pakistan. The plant is located near Nowshera and the factory is located near the Cherat Hills. The registered office of the Company is located at in District Nowshera of Khyber Pakhtunkhwa province.
The symbol “CHCC” is being used by the stock exchanges for the shares of Cherat Cement Company Limited.