Karachi, Pakistan International Container Terminal Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 29, 2019.
The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2019 which portrayed a profit of Rs. 502,917 with earnings per share 4.61 basic and diluted respectively.
Further, 40% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from May 27, 2019 to June 02, 2019 (both days inclusive).
Pakistan International Container Terminal Limited was incorporated in Pakistan as a private limited company in June, 2002 and was later converted to an unquoted public limited company listed on the Karachi Stock Exchange on October 15, 2003. The foundations of the company are formed under the Companies Ordinance, 1984. The company has a Build Operate Transfer contract with Karachi Port Trust for the exclusive construction, development, operations and management of a common user container terminal at Karachi Port for a period of twenty-one years commencing June 18, 2002. The registered office of the company is located in Karachi.
The International Container Terminal Services Incorporation a company situated in Manila, Philippines, holds directly and indirectly 64.53 percent shareholding of the company and acts as the ultimate parent company.
The services of the company include online tracking, online billing and vessel schedule etc.
The symbol “PICT” is being used by the stock exchanges for the shares of Pakistan International Container Terminal.