Karachi, I. C. C. Textile Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on April 30, 2019.
The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2019 which portrayed a loss of Rs. 24,172,795 with loss per share 0.81 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
I. C. C. Textile Limited is engaged in engineering and turnkey construction of large-scale electrical and mechanical projects. The company has played a vital role in the country’s economy by constructing a major portion of Pakistan’s electrical network. ICC specializes in turnkey constructions of High Voltage Transmission lines, Substations, Power Stations, Communication Systems and Mechanical Installations.
The symbol “ICCT” is being used by the stock exchanges for the I. C. C. Textile Limited.