Karachi, Clover Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 18, 2018.
The agenda of the meeting was discussion of profit and loss account for year ended June 30, 2018 which portrayed a profit of Rs. 23,655 with earnings per share 2.51 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from October 12, 2018 to October 19, 2018 (both days inclusive).
Clover Pakistan Limited is a company incorporated in Pakistan in 1986. It is a public limited company the foundations of which are laid under the principals of the Companies Ordinance, 1984. The core business activities of the company include manufacture and sale of food and plastic products and trading in food and consumer durables. During the year ended June 30, 2013 the company signed a distributors agreement with Titan Company Limited India for marketing of the products within the territorial jurisdiction of Pakistan. The stocks of the company are quoted on the Karachi and Lahore Stock Exchange of Pakistan. The registered office of the company is situated at Karachi.
The symbol “CLOV” is being used by the stock exchanges for the shares of Clover Pakistan Limited.