Financial results of Silk Bank Limited for Quarter ended September 30, 2019.

Karachi -- Silk Bank Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on June 29, 2020.

The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2019which portrayed a loss of Rs. 2,885,926 with loss per share 0.32 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/149453.pdf

Silk Bank Limited was incorporated in Pakistan on April 4, 1994 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The bank commenced its commercial operations on May 7, 1995. The bank is engaged in the banking services as described in the Banking Companies Ordinance, 1962. The bank operates through...