Al-Noor Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on January 27, 2020.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2019 which portrayed a profit of Rs. 56,123 with earnings per share 2.74 basic and diluted respectively.

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

Furthermore, the share transfer books of the company will remain closed from March 17, 2020 to March 30, 2020 (both days inclusive).

The announcement is available at:

https://dps.psx.com.pk/download/document/141877.pdf

Al-Noor Sugar Mills Limited was incorporated in Pakistan on August 08, 1969 as a public limited company under the Companies Act, 1913 now referred to as the Companies Ordinance, 1984. The principal activity of the company is manufacturing sugar, medium density fiber board and power generation. The registered office of the company is located in Karachi. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The manufacturing facilities are located at Shahpur Jahania, District Nawabshah in the province of Sindh.

Al-Noor Sugar Mills Limited is a subsidiary of the Al-Noor Group. The Al-Noor group is engaged in the business of manufacturing white refined sugar, MDF board under the Lasani brand and trading and insurance business. The associated undertakings of the group include Shahmurad Sugar Mills Limited, Shahmurad Distillery Unit, First Al-Noor Modaraba and Reliance Insurance Company Limited.

The symbol "ALNRS" is being used by the stock exchanges for the shares of Al-Noor Sugar Mills Limited.

© Pakistan Press International, source Asianet-Pakistan