Karachi, Progressive Insurance Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on June 18, 2020.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2019 which portrayed a loss of Rs. 2,002,247 with loss per share 0.11 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Progressive Insurance was incorporated as a Public Limited Company in 1987 under the Companies Ordinance, 1984. The company is engaged in providing general insurance services in shape of fire, marine, motor and miscellaneous