Karachi, Mughal Iron and Steel Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on February 26, 2018.
The agenda of the meeting was discussion of consolidated profit and loss account for quarter ended December 31, 2017 which portrayed a profit of Rs. 314,714,328 with earnings per share 1.25 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
With a history of over 50 years of excellence to its credit, Mughal Iron & Steel Industries Limited (“MISIL”) is one of the leading companies of Pakistan in the iron and steel sector. The company was incepted in the early 1950 in the form of a proprietorship firm with a purpose to uplift trade, contribute to national economy and ensure industrial growth of the country.
The Company is involved in multidimensional activities from making billets of Mild Steel, Spring Steel, Deformed bar, Re-bar, Cold Twisted Rebar and a huge range of Sections such as I.Beams, L.Sections, C.Section, H.Beam, T.Bar etc. in the downstream industry.
The symbol “MUGHAL” is being used by the stock exchange for the shares of Mughal Iron & Steel Industries Limited.