Karachi, Gharibwal Cement Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on April 29, 2019.
The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2019 which portrayed a profit of Rs. 226,742 with earnings per share 0.57 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Gharibwal Cement Limited is a company incorporated in Pakistan in December 29, 1960 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activities of the company are production and sale of Cement. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Lahore.
The symbol “GWLC” is being used by the stock exchange for the shares of Gharibwal Cement Limited.