S. S. Oil Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on June 16, 2020.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2020 which portrayed a profit of Rs. 12,269,058 with earnings per share 2.17 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/148959.pdf

S.S. Oil Mills Limited has a modern Edible Oil Solvent Extraction Plant, situated at Vehari. The project incorporates the latest techniques of processing, oilseed storage and quality control systems to ensure a consistently high standard in its products. The plant's capacity for processing of oilseeds is 90,000 M. Tons per annum.

The Company was incorporated on August 21, 1990 as a Public Limited Company and its shares are quoted on the Karachi and Lahore Stock Exchanges. The principal object of the Company is to carry on the business of Extracting, Refining, Processing and sale of Edible Oil, Meal and bye products.

The symbol "SSOM" is being used by the stock exchange for S.S. Oil Mills Limited.

© Pakistan Press International, source Asianet-Pakistan