Karachi, I. C. C. Textile Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on January 06, 2018.
The agenda of the meeting was discussion of profit and loss account for year ended June 30, 2017 which portrayed a profit of Rs. 4,738,508 with earnings per share 0.16 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from January 19, 2018 to January 27, 2018 (both days inclusive).
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.