Karachi, Pakistan Paper Products Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 21, 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. 7,630,385 with earnings per share 1.27 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Pakistan Paper Products Limited is a company incorporated in Pakistan on July, 1962 as a private limited company. It later converted into public limited company and the foundations are laid under the Companies Ordinance, 1984. The principal activity of the company is production and sale of sensitized papers, pro-labels and exercise books. The shares of the company are quoted on Karachi Stock Exchange of Pakistan. The registered office of the company is situated at Karachi.
The symbol “PPP” is being used by the stock exchange for the shares of Pakistan Paper Products Limited.