Karachi, Pakistan National Shipping Corporation Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 26, 2019.
The agenda of the meeting was discussion of consolidated profit and loss account for quarter ended March 31, 2019 which portrayed a profit of Rs. 676,173 with earnings per share 5.12 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Pakistan National Shipping Corporation is a company established in Pakistan. It was established under the provisions of the Pakistan National Shipping Corporation Ordinance, 1979 and is principally engaged in the business of shipping, including charter of vessels, transportation of cargo and other related services and providing commercial, technical, administrative, financial and other services to third parties in relation to the business of shipping. It is also engaged in renting out its properties to tenants under lease arrangements. The stocks of the corporation are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the corporation is situated at Karachi.
The symbol “PNSC” is being used by the stock exchange for the shares of Pakistan National Shipping Corporation.