Ismail Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 22, 2020.

The agenda of the meeting was discussion of Unconsolidated profit and loss account for quarter ended March 31, 2020 which portrayed a profit of Rs. 78,512,732 with earnings per share 1.23 and consolidated profit and loss account for quarter ended March 31, 2020 which portrayed a loss of Rs. 77,407,642 with earnings per share 0.51 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/146282.pdf

Ismail Industries Limited is a company incorporated in Pakistan as a Private Limited Company on June 21, 1988. On November 01, 1989 the company was converted to a Public Limited Company. The principal activities of the company are manufacturing and trading of sugar confectionery items, biscuits, potato chips and cast polypropylene film under the brands of Candyland, Bisconni, Snackcity and Astropack. The company is listed on Karachi and Lahore Stock Exchanges of Pakistan. The registered office is situated at Karachi.

The symbol "ISIL" is being used by the stock exchange for the shares of Ismail Industries Limited.

© Pakistan Press International, source Asianet-Pakistan