Financial results of Pakistan International Bulk Terminal Limited for Quarter ended December 31, 2017

Financial Results

Karachi, Pakistan International Bulk Terminal Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 22, 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. 1,146,387 with loss per share 0.775 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 15, 2018 to February 22, 2018 (both days inclusive).

Pakistan International Bulk Terminal Limited was incorporated under the Companies Ordinance, 1984 on March 22, 2010 as a private limited company. On July 11, 2011, the company was converted as an unquoted public company limited. It is in a start up phase and has its registered office located in Karachi.

The company has entered into a build operate transfer contract with the Port Qasim Authority on November 8, 2010 for the exclusive construction, development, operations and management of a coal and clinker/ cement terminals for a period of thirty years.

The services of the company include providing dirty cargo terminal in Pakistan with mechanized handling of cargo.

The symbol “PIBTL” is being used by the stock exchanges for the shares of Pakistan International Bulk Terminal Limited.