Karachi, Pakgen Power Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on August 23, 2016.
The agenda of the meeting was discussion of profit and loss account for six months period and quarter ended June 30, 2016 which portrayed a profit of Rs. 98,622 and Rs. 346,872 with earnings per share 0.27 and 0.94 basic and diluted respectively.
Further, Re. 1.00 per share @ 10% payment of cash dividend, nil bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from September 24, 2016 to October 02, 2016 (both days inclusive).
Pakgen Power Limited was incorporated in Pakistan on June, 22 1995. The principals of the company are laid under the Companies Ordinance, 1984. The principal activities of the Company are to own, operate and maintain an oil fired power station having gross capacity of 365 MW in Muzaffargarh, Punjab. The shares of the Company are listed on the Karachi Stock Exchange and Lahore Stock Exchange of Pakistan. The registered office of the Company is situated at Lahore.
The symbol “PKGP” is being used by the stock exchanges for the shares of Pakgen Power Limited.