Karachi, Pak-Gulf Leasing Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held on February 26, 2018.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2017 which portrayed a loss of Rs. 6,573,413 with loss per share 0.26 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from February 19, 2018 to February 26, 2018 (both days inclusive).
Pak-Gulf Leasing Company is a company incorporated in Pakistan on December 27, 1994 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The operations of the company commenced on September 16, 1996. The company is principally engaged in the business of leasing. The shares of the company are quoted on all the three Stock Exchanges of Pakistan, namely, the Karachi Stock Exchange Guarantee Limited, the Lahore Stock Exchange Guarantee Limited and the Islamabad Stock Exchange Guarantee Limited. The registered office of the company is located at Karachi.
The symbol “PGLC” is being used by the stock exchanges for the shares of Pak-Gulf Leasing Company.