Karachi, Tariq Glass Industries Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on February 21, 2018.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2017 which portrayed a profit of Rs. 248,202,835 with earnings per share 3.38 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Tariq Glass Industries Limited is a company incorporated in Pakistan on 1978 and it later converted into a public limited company in 1980. The company is principally engaged in manufacturing and sale of glass container, tableware and float glass. The company operates through its brands which are Toyo Nasic, Omroc and Nova. The company operates in the international markets across Europe, Middle East, Africa, Asia and the Far East. The company also has technical collaboration with Toyo Glass of Japan.
The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located at Lahore.
The plant has a production capacity of 200 metric tons of glass tableware per day, having a combination of single and double gob press machines as well as H-28 press and blow machines for light weight product ranges. It also has efficient art printing machines.
The symbol “TGL” is being used by the stock exchanges for the shares of Tariq Glass Industries Limited.