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

Karachi: Saif Power 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. 799,657,559 with earnings per share 2.07 basic and diluted respectively.

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

Saif Power Limited (SPL) was incorporated in Pakistan on November 11, 2004 as a Public Limited Company under the Companies Ordinance 1984 and commenced commercial operations on April 30, 2010.

SPL was developed under Government of Pakistan Power Policy 2002 on a Build, Own and Operate basis in Sahiwal District of Punjab...