Karachi, Nestle Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 16, 2018.
The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2018 which portrayed a profit of Rs. 2,870,753 with earnings per share 63.30 basic and diluted respectively.
Further, 1100% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from August 31, 2018 to September 07, 2018 (both days inclusive).
Nestle Pakistan Limited is a public limited company incorporated in Pakistan. The foundations of the company are formed under the Companies Act, 1913 now the Companies Ordinance, 1984. The company is engaged in the business of manufacturing, processing and sale of food products. This includes imported products dairy, confectionery, culinary, coffee, beverages, infant nutrition and drinking water. The shares of the company are quoted on the Karachi and Lahore stock exchanges of Pakistan. The registered office of the company is situated in Lahore.
The company owns brands in the category of ambient dairy, chilled dairy, beverages, bottled water, culinary and food, baby food, breakfast cereals and confectionary.
The symbol “NESTLE” is being used by the stock exchange for the shares of Nestle Pakistan Limited.