Karachi, Shell Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 21, 2019.
The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2019 which portrayed a loss of Rs. 1,704,352 with loss per share 15.93 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Shell Pakistan Limited is a limited liability company incorporated in Pakistan for over a century. The legacy dates back to the year 1899. It is an internationally operating group of energy and petrochemical companies. Shell Pakistan is listed on the Karachi and Lahore Stock Exchanges of Pakistan. Its registered office is located in Karachi.
The company markets petroleum products and compressed natural gas. It also blends and markets various kinds of lubricating oils.
The symbol “SHEL” is being used by the stock exchange for the shares of Shell Pakistan Limited.