Karachi: Al-Abbas Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the Board of Directors in the meeting held at Karachi on December 30, 2019.
The agenda of the meeting was discussion of profit and loss account for year ended September 30, 2019 which portrayed a profit of Rs. 1,111,978 with earnings per share 64.05 basic and diluted respectively.
Further, 300% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from January 21, 2020 to January 28, 2020 (both days inclusive).
"Al-Abbas Sugar Mills Limited is a company incorporated in Pakistan on May 2, 1991 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activities of the company is manufacturing and sale of sugar, processing and...