Gatron Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 25, 2020.

The agenda of the meeting was discussion of Unconsolidated profit and loss account for quarter ended March 31, 2020 which portrayed a loss of Rs. 41,874 with loss per share 1.09 and consolidated profit and loss account for quarter ended March 31, 2020 which portrayed a profit of Rs. 141,447 with loss per share 3.69 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/146556.pdf

Gatron Industries Limited is a company incorporated in Pakistan in 1980 as a private limited company. It was converted to a public limited company in the year 1998. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activities of the company are manufacturing of Polyester Filament Yarn along with its raw material viz. Yarn Grade Polyester Chips. The company also produces other varieties of Polyester Chips viz. Bottle Grade as well as PET Performs. The company owns wholly owned subsidiaries i.e. Messrs. Gatro Powers Private Limited which is engaged in Power generation. The shares of the company are quoted on Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is situated at Quetta.

The symbol "GATI" is being used by the stock exchange for the shares of Gatron Industries Limited.

© Pakistan Press International, source Asianet-Pakistan