Punjab Oil Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 29, 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. 47,025,311 with earnings per share 8.72 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/144031.pdf

Punjab Oil Mills Limited is incorporated in Pakistan as a Public Limited Company on February 5, 1981. The foundations of the company are laid under the Companies Ordinance, 1984. The company is principally engaged in the manufacturing and sale of ghee, cooking oil, specialty fats and laundry soap. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Islamabad.

The quality standards of the company are ISO 9001:2008 & HACCP certified. As a result the Zaiqa and CanOlive brands enjoy a valuable brand franchise. The company is also engaged in making a line of laundry soap products marketed under the brand name of Raja.

The symbol "POML" is being used by the stock exchanges for the shares of Punjab Oil Mills Limited.

© Pakistan Press International, source Asianet-Pakistan