Financial results of Akzo Nobel Pakistan Limited for Quarter ended June 30, 2019.

Karachi: Akzo Nobel Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 28, 2019.

The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2019 which portrayed a profit of Rs. 110,815 with earnings per share 2.39 basic and diluted respectively.

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

Akzo Nobel Pakistan Limited was incorporated in Pakistan on August 25, 2011. The foundations of the company are laid under the Companies Ordinance, 1984. The company is involved in manufacturing and trading of paints and specialty chemicals. The company is listed on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Lahore.

AkzoNobel Group acquired ICI in 2008 bringing together the innovation, leadership and expertise of both companies. The ultimate holding company is Akzo Nobel N.V. The businesses of the company include decoration business...