Karachi, S.G. Power Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 31, 2019.
The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2019 which portrayed a profit of Rs. 548,858 with earnings per share 0.03 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
SG Power Limited has been an electricity generating unit to supply the electricity to its associated company SG Fibre Limited.
The symbol “SGPL” is being used by the stock exchange for the shares of SG Power Limited.