Karachi, Descon Oxychem Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on February 14, 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. 56,559 with earnings per share 0.55 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Descon Oxychem Limited is a company incorporated in Pakistan as a private limited company on November 12, 2004. The company was converted into a public limited company with effect from February 28, 2008. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is engaging in manufacturing, procurement and sale of hydrogen peroxide and allied products. The company commenced its trial production on December 1, 2008 and commercial production on March 1, 2009. The shares of the company are quoted on Karachi Stock Exchange of Pakistan. The registered office and the manufacturing facility of the company is situated at Lahore.
The symbol “DOL” is being used by the stock exchange for the shares of Descon Oxychem Limited.