Altern Energy 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 consolidated profit and loss account for quarter ended March 31, 2020 which portrayed a profit of Rs. 349,726 with earnings per share 0.60 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/146694.pdf

Altern Energy Limited is a company incorporated in Pakistan on January 17, 1995. The foundations of the company are laid under the Companies Ordinance, 1984. The commercial operations of the company commenced with effect from June 6, 2001. The principal objective of the company is to generate and supply electric power to water and Power Development Authority of Pakistan from its thermal power plant having a gross capacity of 32 Mega Watt. The stocks of the company are quoted on the Karachi stock Exchange of Pakistan. The registered office of the company is located in Lahore.

The symbol "ALTN" is being used by the stock exchanges for the shares of Altern Energy Limited.

© Pakistan Press International, source Asianet-Pakistan