Pakistan Company News

Financial results of Matco Foods Limited for Quarter ended December 31, 2020

Karachi, Matco Foods Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 18, 2021.

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for quarter ended December 31, 2020 which portrayed a profit of Rs. 43,812 and Rs. 43,997 with earnings per share 0.36 and 0.36 basic and diluted respectively.

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

Matco Foods Limited was incorporated as a private limited company under the repealed Companies Ordinance, 1984.Principal activity of the Company is to carry on the business of processing, export of rice and trade of biscuit, bran oil, rice glucose and rice protein.