Karachi, Saif Power 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 unconsolidated profit and loss account for quarter ended March 31, 2019 which portrayed a profit of Rs. 856,591,771 with earnings per share 2.22 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Saif Power Limited (SPL) was incorporated in Pakistan on November 11, 2004 as a Public Limited Company under the Companies Ordinance 1984 and commenced commercial operations on April 30, 2010.
SPL was developed under Government of Pakistan Power Policy 2002 on a Build, Own and Operate basis in Sahiwal District of Punjab, Pakistan. Head office of the Company is located at Kulsum Plaza, Jinnah Avenue, Blue Area, Islamabad, Pakistan.
SPL is a project of Saif Group, which is a diversified industrial and services conglomerate with portfolios in Textiles, power generation, oil & gas exploration, information technology & software development, real estate, fiber optic network, environmental management and healthcare services.
The symbol “SPWL” is being used by the stock exchanges for the shares Saif Power Limited.