Karachi, Nestle Pakistan Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on February 31, 2018.
The agenda of the meeting was discussion of profit and loss account for year ended December 31, 2017 which portrayed a profitof Rs. 14,641,782 with earnings per share 322.86 basic and diluted respectively.
Further, 800% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from April12, 2018 to April 19, 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.