Pakistan Company News

Financial results of Sitara Energy Limited for Year ended June 30, 2020

Karachi, Sitara Energy Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 01, 2020.

The agenda of the meeting was discussion of consolidated profit and loss account for year ended June 30, 2020 which portrayed a loss of Rs. 132,218,599 with loss per share 6.85 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Sitara Energy Limited is a company incorporated in Pakistan. It is a Public Limited Company the foundations of which are laid under the Companies Ordinance, 1984. The main objective of the company is generation and distribution of electricity. The registered office of the company is located in Karachi. The project is located at Tehsil Jaranwala, District Faisalabad in the province of Punjab. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan.

The symbol “SEL” is being used by the stock exchange for the shares of Sitara Energy Limited.