Karachi, Quice Food Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 24, 2019.
The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2019 which portrayed a loss of Rs. 10,424,606 with loss per share 0.11 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from April 18, 2019 to April 24, 2019 (both days inclusive).
Quice Food Industries Limited is a company incorporated in Pakistan on March 12, 1990 as a Private Limited Company. It was converted into Public Limited Company on December 13, 1993. The foundations of the company are laid under the Companies Ordinance, 1984. Principal activities of the Company are manufacturing and sale of Jam, Jelly, Syrups, Custard powder, Pickles, Essence, Juices and Aerated drinks and its Allied Products. Currently, the production activities are carried out only at the Swat unit. The company discontinued its Hattar unit from August 2001. The plant and machinery that was uninstalled from Hattar unit in previous year is now being transferred to Karachi for the purpose of re-commissioning. The company has obtained a rented premise for such re-commissioning of the plant and machinery. The stocks of the company are quoted on Karachi and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi.
The symbol “QUICE” is being used by the stock exchanges for the shares of Quice Food Industries Limited.
