Financial results of Pak Datacom Limited for Year ended June 30, 2019

Karachi, Pak Datacom Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on November 04, 2019.

The agenda of the meeting was discussion of profit and loss account for year ended June 30, 2019 which portrayed a profit of Rs. 88,462,281 with earnings per share 9.03 basic and diluted respectively.

Further, 40% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from November 20, 2019 to November 27, 2019 (both days inclusive).

Pak Datacom Limited is a subsidiary of Telecom Foundation. The objective of the Company is to set up, operate and maintain a network of data communication and to serve the needs of the subscribers against approved tariff charges. The Company is also authorized to carry out any business relating to communication and information technology whether manufacturing or otherwise, that may seem to the Company capable of being conveniently carried on to enhance the value of or render profitable any of the Company’s property or rights or which it may be advisable to undertake with a view to improve the profitability of the Company subject to applicable licenses from Pakistan Telecommunication Authority.