AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, Pakistan International Bulk Terminal Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held on September 20, 2016.
The agenda of the meeting was discussion of profit and loss account for the year ended June 30, 2016 which portrayed a profit of Rs. 35,060 with earnings per share 0.03 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 October 17, 2016 to October 24, 2016 (both days inclusive).
Pakistan International Bulk Terminal Limited was incorporated under the Companies Ordinance, 1984 on March 22, 2010 as a private limited company. On July 11, 2011, the company was converted as an unquoted public company limited. It is in a start up phase and has its registered office located in Karachi.
The company has entered into a build operate transfer contract with the Port Qasim Authority on November 8, 2010 for the exclusive construction, development, operations and management of a coal and clinker/ cement terminals for a period of thirty years.
The services of the company include providing dirty cargo terminal in Pakistan with mechanized handling of cargo.
The symbol “PIBTL” is being used by the stock exchanges for the shares of Pakistan International Bulk Terminal Limited.