Crescent Star Insurance Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on May 21, 2020.

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for year ended December 31, 2019 which portrayed a profit of Rs. 49,133,367 and Rs. 19,491,920 with earnings per share 0.46 and 0.29 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 June 06, 2020 to June 12, 2020 (both days inclusive).

The announcement is available at:

https://dps.psx.com.pk/download/document/148126.pdf

Crescent Star Insurance Company Limited was incorporated as a public limited company in the year 1957 under the Companies Act, 1913 now the Companies Ordinance, 1984. The company is a member of Insurance Association of Pakistan. It deals in the general insurance business providing services relating to fire, marine, motor and miscellaneous insurance. The branches of the company are located country wide. The registered office of the company is located in Karachi. The stocks of the company are traded on the Karachi and Lahore Stock Exchanges of Pakistan.

The products of the company for the individual businesses include motor insurance, travel insurance, home care and shop owner's policy. The services provided by the company to the businesses include fire & property insurance, marine cargo, marine hull, aviation, motor insurance, engineering insurance, health insurance and miscellaneous insurance related services.

The symbol "CSIL" is being used by the stock exchange for the shares of Crescent Star Insurance Company Limited.

© Pakistan Press International, source Asianet-Pakistan