Sardar Chemical Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 25, 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. 2,045,355 with earnings per share 0.34 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/143421.pdf

Sardar Chemical Industries Limited was established in 1989 as a Private Company and went into production in 1st January, 1993. The Company was floated on the Stock Exchanges in Pakistan in October, 1994. Sardar Chemical Industries Limited is involved in the manufacture of various classes of dyestuffs producing Acid dyes, Direct dyes, Reactive dyes, and Optical Brightener for the Textile Industry.

The symbol "SARC" is being used by the stock exchanges for the Sardar Chemical Industries Limited.

© Pakistan Press International, source Asianet-Pakistan