Karachi, Pak Suzuki Motor Company Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on March 19, 2018.
The agenda of the meeting was discussion of profit and loss account for year ended December 31, 2017 which portrayed a profit of Rs. 3,825,821 with earnings per share 46.49 basic and diluted respectively.
Further, 186% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from April 19, 2018 to April 25, 2018 (both days inclusive).
Pak Suzuki Motor Company Limited was incorporated in Pakistan as a public limited company in August 1983. The company started commercial production in January 1984. The company was formed in accordance with the terms of a joint venture agreement concluded between Pakistan Automobile Corporation Limited and Suzuki Motor Corporation, Japan which acts as the holding company. The company is engaged in the assembling, progressive manufacturing and marketing of Suzuki cars, pickups, vans, 4x4s and motorcycles and related spare parts. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Karachi.
The products of the company range in the automobile, motorcycles and heavy bikes segments of the industry.
The symbol “PSMC” is being used by the stock exchanges for the shares of Pak Suzuki Motor Company Limited.