Karachi, EFG Hermes Pakistan Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 09, 2018.
The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2018 which portrayed a loss of Rs. 6,555,478 with loss per share 0.33 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
EFG Hermes Pakistan Limited provides financial brokerage, corporate finance, and financial research services in Pakistan. Its financial brokerage activities comprise the operation of online trading and portfolio management facilities; and provision of commodities trading services. The company’s corporate finance services include arranging and advising on debt and equity issues, such as private placements and public listing; underwriting of equity and debt issues; lease and debt syndications; corporate restructuring; mergers and acquisitions; and divestitures for corporate sector clients, government entities, and private investors. Its financial research services comprise research on economy, sectors, and companies to assist institutional and retail clients in taking equity investment decisions. The company was formerly known as Invest and Finance Securities Limited and changed its name to EFG Hermes Pakistan Limited in May 2017. EFG Hermes Pakistan Limited was incorporated in 1999 and is headquartered in Karachi, Pakistan.