First Imrooz Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 23, 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. 2,810 with loss per share 0.94 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/146379.pdf

First Imrooz Modaraba (FIM) has been operational since 1994 and is listed on the Pakistan Stock Exchange. The Modaraba primarily trades in industrial raw materials catering to numerous industries like paint, coatings, pharmaceuticals, food, agriculture, personal care, household, textile etc. The common perception of a Modaraba is that it is a financial institution however FIM does not offer any financial services.

First Imrooz Modaraba (FIM) is managed by AR Management Services (Pvt) Limited, having its head office in Karachi with a branch office in Lahore.

The symbol "FIMM" is being used by the stock exchange for the shares of First Imrooz Modaraba.

© Pakistan Press International, source Asianet-Pakistan