Karachi, Engro Foods Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 09, 2018.
The agenda of the meeting was discussion of profit and loss account for year ended December 31, 2017 which portrayed a profit of Rs. 379,297 with earnings per share 0.49 basic and diluted respectively.
Further, 4% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from April19, 2018 to April 26, 2018 (both days inclusive).
Engro Foods Limited is a public limited company incorporated in Pakistan. The foundations of the company are formed under the Companies Ordinance, 1984. The business of the company is associated with manufacturing, processing and selling dairy products, juices, ice cream and frozen desserts. Besides this the company also owns and operates a dairy farm. The company operates internationally and is tagged as a halal food producer. The shares of the company are quoted on the Karachi and Lahore stock exchanges of Pakistan. The registered office of the company is located in Karachi.
The company is a subsidiary of Engro Corporation Limited. The company owns processing units located in Sukkur and Sahiwal. Most renowned brands to name a few of the company are Olper’s, Olwell, Tarang, Omore and Owsum.
The symbol “EFOOD” is being used by the stock exchange for the shares of Engro Food Limited.