Financial results of Data Agro Limited for Quarter ended March 31, 2021.

Karachi -- Data Agro Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 29, 2021.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2021 which portrayed a profit of Rs. 4,613,126 with earnings per share 1.15 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/166045.pdf

The company was formed in 1992 as a private limited company and was changed to a public limited company later on. To start with, the main business of the company was to produce and market delinted cotton seed. Later on it was decided to include other crops like wheat, paddy, oilseeds, and pulses in the product line.

It took about two years for the erection of the cotton seed delinting plant, and the company started...