Karachi, Fecto Cement Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 22, 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. 99,987 with earnings per share 1.99 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Fecto Cement Limited is a company incorporated in Pakistan on February 28, 1981 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The core activities of the business include production and sale of cement. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi.
The cement plant is established near Islamabad and the quality standards of the company are ISO 9001:2000. The technology of the plant is acquired by Fuller International Inc. with a rated capacity to produce 780,000 tonnes of clinker per annum.
The symbol “FECTC” is being used by the stock exchanges for the shares of Fecto Cement Limited.