Financial results of Reliance Insurance Company Limited for Quarter ended June 30, 2019.

Karachi: Reliance Insurance Company 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 loss of Rs. 20,503,483 with loss per share 0.37 basic and diluted respectively.

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

Reliance Insurance Company Limited was incorporated in Pakistan as a public limited company on November 4, 1981. The company is engaged in general insurance business. Its registered office is located in Karachi. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan and it is...