Karachi, Treet Corporation Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 26, 2020.
The agenda of the meeting was discussion of consolidated profit and loss account for quarter ended December 31, 2019 which portrayed a loss of Rs. 905,280 with loss per share 5.43 and unconsolidated profit and loss account for quarter ended December 31, 2019 which portrayed a profit of Rs. 163,223 with earnings per share 0.97 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Treet Corporation Limited was incorporated in Pakistan on January 22, 1977 as a Public Limited Company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is manufacturing and sale of razors and razor blades along with sale of soaps. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchange of Pakistan. The registered office of the company is located at Lahore.
The subsidiary companies of Treet Corporation Limited are Global Econo Private Limited, First Treet Manufacturing Modaraba, TCL Labor-Hire Private Limited, Treet Services Private Limited and Treet Power Limited. The company has received ISO 9001: 2000 certification in 1997. The company is also recognized as one of the first ten recipients of the certificate in Pakistan.
The symbol “TREET” is being used by the stock exchanges for the shares of Treet Corporation Limited.