Khyber Tobacco Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on May 20, 2020.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2020 which portrayed a loss of Rs. 43,082,762 with loss per share 8.96 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/147977.pdf

Khyber Tobacco Company Limited is a public limited company incorporated in Pakistan on October 15, 1954. The foundations of the company are laid under the Companies Ordinance, 1984. The company is engaged in the manufacture and sale of cigarettes and re-drying of tobacco. The products of the company are Gold Street, Classic, Hero, Chance and Virtue. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Mardan.

The company has extended its operation around the world with an established distribution network in parts of Eastern Europe, South and West Africa, Central and South Asia and the Middle East. It has internationally recognized brands and a fully integrated production facility to provide leaf and blended tobaccos.

The symbol "KTC" is being used by the stock exchanges for the shares of Khyber Tobacco Company Limited.

© Pakistan Press International, source Asianet-Pakistan