Karachi, Sana Industries Limited informed Pakistan Stock Exchange about the recommendations made by the Board of Directors in the meeting held at Karachi on February 26, 2018.
The agenda of the meeting was discussion of unconsolidated and consolidated profit and loss account for quarter ended December 31, 2017 which portrayed a loss of Rs. 44,823,012 and Rs. 25,117,908 with loss per share 5.22 and 2.92 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 February 19, 2018 to February 26, 2018 (both days inclusive).
“Sana Industries Limited is a company incorporated in Pakistan as a public limited company established in 1988. The foundations of the company are laid under the Companies Ordinance, 1984. The company is engaged in the activities of manufacturing and sale of man-made blended yarn, providing services in respect of cold storage through compartmentalized cold storage project, local trading and export of processed poultry bi- products and processing of ready to eat meals. The stocks of the company are quoted on the Karachi and Lahore and lslamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi.
It is an entity of the Sanaulla group of companies, an old established and dynamic business group of Pakistan. The production capacity of the company is 26,000 spindles. In the year 2006 Sana Industries expanded and diversified its business activities by entering into a new line of business i.e. “Ammonia based temperature controlled warehouse”.
The symbol “SNAI” is being used by the stock exchanges for the shares of Sana Industries Limited.”