Pakistan Company News

Financial results of Pakistan General Insurance Company Limited for Year ended December 31, 2018

Karachi, Pakistan General Insurance Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on March 01, 2019.

The agenda of the meeting was discussion of profit and loss account for year ended December 31, 2018 which portrayed a profit of Rs. 40,241,149 with earnings per share 0.87 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 April 19, 2019 to April 25, 2019 (both days inclusive).

Pakistan General Insurance Company Limited was incorporated in Pakistan in October, 1947 as a public limited company. The foundations of the company are formed under the Companies Act, 1913 now the Companies Ordinance, 1984. The operations of the business are related to life and general insurance. The registered office of the company is located in Lahore. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan.

The products of the company includes fire insurance, property insurance, motor insurance, miscellaneous insurance, marine insurance, engineering insurance, shop owners insurance and group health insurance.

The symbol “PKGI” is being used by the stock exchanges for the shares of Pakistan General Insurance Company Limited.