Karachi, Pakistan Engineering Company Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on February 21, 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. 6.766 with loss per share 1.19 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Pakistan Engineering Company Limited is a company incorporated in Pakistan on February 15, 1950. The foundations of the company are laid under Companies Ordinance, 1984 as a public limited company. The company is principally engaged in the manufacturing and sale of engineering products. The major products of the company are electricity transmission and communication towers, electric motors, pumps and steel rolled products etc. The main operations of the company comprise of structure, pumps, electric motor, foundry and rolling mills division of the company which form its main operations. The shares of the company are quoted on the Karachi, Lahore and Islamabad stock exchanges of Pakistan. The registered office of the company is located at Lahore.
The symbol “PECO” is being used by the stock exchanges for the shares of Pakistan Engineering Company Limited.