KSB Pumps Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on March 17, 2020.

The agenda of the meeting was discussion of profit and loss account for year ended December 31, 2019 which portrayed a profit of Rs. 87,880 with earnings per share 6.66 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 April 15, 2020 to April 22, 2020 (both days inclusive).

The announcement is available at:

https://dps.psx.com.pk/download/document/144688.pdf

KSB Pumps Company Limited is part of the globally operating KSB Group. The company incorporated in Pakistan since 1959 and since then it is known for providing services and consultancy in manufacturing pumps, valves and systems for industrial services, energy and water along with waste water applications. KSB manufactures special pumps, design and production of bespoke systems. The Head office of the company is located in Lahore. The manufacturing facility of the company is located at Hassanabdal along with sale houses in Lahore, Karachi, Multan, Rawalpindi, Khyber Pakhtunkhwa and Quetta. The company is listed on the Karachi and Lahore Stock Exchanges.

The product range of the company includes brand pumps, valves, systems and other accessories. The trademarks which the company has includes SISTO diaphragm valve, GIW slurry pumps, MIL control valves, KSB ITUR pumps, Ajax pumps and KAGEMA pumps, control cabinets and emergency power generators.

The symbol "KSBP" is being used by the stock exchanges for the shares of KSB Pumps Company Limited.

© Pakistan Press International, source Asianet-Pakistan