Financial results of Cyan Limited for Quarter ended June 30, 2019.

Karachi: Cyan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 19, 2019.

The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2019 which portrayed a loss of Rs. 121,321 with loss per share 2.07 basic and diluted respectively.

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

Cyan Limited is a public limited company incorporated in Pakistan on April 23, 1960. The foundations of the company are laid under the Companies Act, 1913 now the Companies Ordinance, 1984. The company is a subsidiary of the Dawood Group Limited. The company is engaged mainly in providing funding to Cyan Capital for its private equity investments. The registered office of the company is located in Karachi. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan.

The company is in the phase of restructuring the...