Thatta Cement Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 24, 2020.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2019 which portrayed a loss of Rs. 40,589 with loss per share 0.41 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/143300.pdf

Thatta Cement Company Limited was incorporated in Pakistan in 1980 as a public limited company. It was a wholly owned subsidiary of the State Cement Corporation of Pakistan Private Limited. In the year 2004 the consortium of Mr. Arif Habib and Al-Abbas Group acquired 100% shares of the company from the Privatization Commission and took over its management control. The foundations of the business are laid under the Companies Act, 1913 now Companies Ordinance, 1984. The company is engaged in the business of manufacturing and marketing cement. The registered office of the company is located in Karachi. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan.

The products of the company include ordinary Portland cement, sulphate resistant cement, Portland blast furnace slag cement, ground granulated blast furnace slag. The manufacturing capacity of the company is ISO 9001:2008 certified.

The symbol "THCCL" is being used by the stock exchanges for the shares of Thatta Cement Company Limited.

© Pakistan Press International, source Asianet-Pakistan