Financial results of Habib-ADM Limited for Quarter ended December 31, 2017

Financial Results

Karachi, Habib-ADM Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 02, 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. 26,060,554 with earnings per share 0.65 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Habib-ADM Limited is a company incorporated in Pakistan. It produces and markets a wide range of rice based starch sugars, protein concentrates, and derivatives. The head office of the company is located in Karachi. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan.

The product range of the company include rice syrup, rice syrup 95 DE, rice syrup solid, maltrodextrins, high maltose rice syrup, soluble rice fibre, rice protein concentrate, high fructose rice syrup 42, rice sorbitol syrup and rice maltitol syrup. The starch sugars include Clarified Rice Syrups, Brown Rice Syrups, High Fructose Syrup, Rice Syrup Solids, Maltitol Syrup, Sorbitol Syrup, and Maltodextrins. All are essential ingredients for the food, confectionery, and pharmaceutical industries. The production system of the company is ISO 9001:22000 and HACCP certified.

The symbol “HAL” is being used by the stock exchange for the shares of Habib-ADM Limited.