Biafo Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 28, 2020.
The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2020 which portrayed a profit of Rs. 54,925,868 with earnings per share 1.73 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
The announcement is available at:
https://dps.psx.com.pk/download/document/146734.pdf
Biafo Industries Limited was incorporated in Pakistan on September 7, 1988 as a public limited company. The foundation of the company is laid under the Companies Ordinance, 1984. The company started its commercial production on July 01, 1994. The principal activities of the company is engaging in the manufacturing of commercial explosives and blasting accessories including detonators and other materials. The shares of the company are quoted on the Karachi and Islamabad Stock Exchanges. The registered office is located at Islamabad. The industrial undertaking of the company is located at Khyber Pakhtunkhwa.
The symbol "BIAFO" is being used by the stock exchanges for the shares of Biafo Industries Limited.
© Pakistan Press International, source Asianet-Pakistan