Dost Steels Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 27, 2020.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2020 which portrayed a loss of Rs. 37,420,121 with loss per share 0.10basic 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/146632.pdf

Dost Steels Limited is a company incorporated in Pakistan on March 19, 2004 as a private limited company under the Companies Ordinance, 1984. The principal business of the company include manufacturing of steel, direct reduced iron, sponge iron, hot briquetted iron, carbon steel, pig iron and special alloy steel in different forms. The company was converted into public limited company with effect from May 20, 2006. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located at Karachi.

The symbol "DSL" is being used by the stock exchanges for the shares of Dost Steels Limited.

© Pakistan Press International, source Asianet-Pakistan