Financial results of Adamjee Insurance Company Limited for year ended December 31, 2019.

Karachi: Adamjee Insurance Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on March 13, 2020.

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for year ended December 31, 2019 which portrayed a profit of Rs. 1,812,975 and Rs. 2,030,081 with earnings per share 5.18 and 5.63 basic and diluted respectively.

Further, 15% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from April 16, 2020 to April 22, 2020 (both days inclusive).

Adamjee Insurance Company Limited was incorporated in Pakistan on September 28, 1960. It is a public limited company listed on the Karachi, Lahore and Islamabad stock exchanges of Pakistan. The company is also listed with Central Depositary Company of...