Kohinoor Power Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on April 27, 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. 9,290,522 with loss per share 0.74 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/146655.pdf

Kohinoor Power Limited (KPL), located in Faisalabad, was established in 1991 and started commercial production in January ,1992 with a total generating capacity of 10.2 MW. With the installation of another set of 5.1MW in April 1994, the production capacity was enhanced to 15.3MW. KPL was amongst the earliest captive power plants set-up in the private sector. The company was launched with the initial cost of Rs. 176 mn by the reputable Saigols group, which are currently involved in a host of diverse business activities in Pakistan. The group has been one of Pakistan's pioneering business families and enjoys a sound reputation.

© Pakistan Press International, source Asianet-Pakistan