Karachi, Pakistan Synthetics 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. 72,430 with earnings per share 1.29 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
The Company was incorporated on 18th November 1984 as a private limited company in Pakistan, with the registered office in Karachi, Sindh and subsequently converted into a public limited company on 30th December 1987. The shares of the company are listed on Karachi, Lahore and Islamabad Stock Exchanges. The principal activity of the company is manufacturing and sale of Polyester Staple Fibre.