Karachi, Pakistan Hotels Developers Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi 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 profit of Rs. 12,951 with earningsper share 0.72 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Pakistan Hotels Developers Limited (Formerly Taj Mahal Hotels Limited) (Company) was incorporated in 1979 at Karachi, Pakistan under the Companies Act, 1913 (now Companies Ordinance, 1984) as a private limited company and converted into public limited company in 1981. The company is listed with Pakistan Stock Exchange. The registered office of the company is situated at 195/2, Shahrah-e-Faisal, Karachi. The company is principally engaged in hotel business and owns and operates a Five Star Hotel known as Regent Plaza Hotel and Convention Centre, Karachi.
Regent Plaza Hotel & Convention Centre, Karachi features 413 rooms and extensive conferencing facilities. The Hotel also boasts two tempting restaurants; a Coffee shop serves round the clock, a well equipped fitness center, tennis courts, spa, secretarially maintained business center and sun-drenched outdoor swimming pool.
The symbol “PHDL” is being used by the stock exchanges for the shares Pakistan Hotels Developers Limited.