Financial results of Pakistan Cables Limited for Quarter ended September 30, 2018.

Karachi -- Pakistan Cables Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 24, 2018.

The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2018 which portrayed a profit of Rs. 30,341 with earnings per share 0.85 basic and diluted respectively.

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

The announcement is available at:

https://www.psx.com.pk/newsattachment/120879.pdf

Pakistan Cables Limited was incorporated in Pakistan as a private limited company on April 22, 1953. In 1955 it was converted into a public limited company. The foundations of the company are based on the Companies Ordinance, 1984. The products of the company include cables and wires, aluminum sections/ profiles, copper rod and PVC compound. In 1955 the stocks of the company were quoted on the Karachi Stock Exchange. The registered office of the company is located in Karachi.

Pakistan Cables is part of the Chinoy Group of Companies, which includes International Industries and International Steels Limited, as...