Karachi, Merit Packaging 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 profit and loss account for quarter ended December 31, 2019 which portrayed a loss of Rs. 178,910 with loss per share 2.22 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Merit Packaging Limited is a company incorporated in Pakistan on January 28, 1980. It is a public limited company the foundations of which are laid under the Companies Ordinance, 1984. The Company is mainly engaged in the manufacture and sale of printing and packaging materials. The company serves its customers Offset/Flexible packaging requirements as well as requirements for POS material, with the help of a dedicated team of more than 200 skilled employees. Merit is an ISO certified public limited company, proudly associated with the Lakson Group of Companies.
The symbol “MERIT” is being used by the stock exchanges for the shares of Merit Packaging Limited.