Karachi, Javedan Corporation Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 26, 2020.
The agenda of the meeting was discussion of consolidated profit and loss account for quarter ended December 31, 2019 which portrayed a profit of Rs. 224,709 with earnings per share 0.71 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Javedan Corporation Limited was incorporated in Pakistan on June 8, 1961 as a public limited company. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi.
The company has ceased the operations of its cement business since July 01, 2010. The management has developed a diversification strategy using which the land of the company shall be utilized for developing housing scheme namely Naya Nazimabad.
The symbol “JVDC” is being used by the stock exchanges for the shares of Javedan Corporation Limited.