Nimir Industrial Chemicals 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. 280,957 with earnings per share 2.25 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from March 12, 2020 to March 19, 2020 (both days inclusive).

The announcement is available at:

https://dps.psx.com.pk/download/document/143424.pdf

Nimir Industrial Chemicals Limited, previously known as Ravi Alkalis Limited and owned by a local business family was incorporated in Pakistan on February 6, 1994. The foundations of the company are laid under the Companies Ordinance, 1984. Nimir Chemicals Company Limited, a Bermuda registered company, took over the management of the company in 1997 and consequently the name of the company was changed to Nimir Industrial Chemicals Limited in March 1998. The commercial operations of the company started from January 1, 2000. The principal activity of the company is manufacturing and sale of industrial chemical products. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges. The registered office of the company is located in Faisalabad.

The symbol "NICL" is being used by the stock exchanges for the shares of Nimir Industrial Chemicals Limited.

© Pakistan Press International, source Asianet-Pakistan