Karachi, Sitara Peroxide Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Faisalabad on April 27, 2019.
The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2019 which portrayed a profit of Rs. 26,170,066 with earnings per share 0.47 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Sitara Peroxide Limited is a company incorporated in Pakistan on March 08, 2004 as a public limited company. The foundations of the company have been laid under the Companies Ordinance, 1984. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is situated at Karachi and the manufacturing facility is located at Faisalabad. The principal object of the Company is manufacturing and sale of Hydrogen Peroxide (H2O2).
The company is an achievement of the Sitara Group. The company has affiliations with foreign producers and suppliers which require ensuring International standard chemical available locally.
The symbol “SPL” is being used by the stock exchanges for the shares of Sitara Peroxide Limited.