Pakistan Tobacco Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 24, 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. 12,889,229 with earnings per share 50.45 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 18, 2020 to April 24, 2020 (both days inclusive).

The announcement is available at:

https://dps.psx.com.pk/download/document/143289.pdf

Pakistan Tobacco Company Limited is a public listed company incorporated in Pakistan on November 18, 1947. The foundations of the company are formed under the Companies Act, 1913 now the Companies Ordinance, 1984. The company is engaged in the manufacture and sale of cigarettes. The shares of the company are the Karachi, Lahore and Islamabad stock exchanges of Pakistan. The registered office of the company is situated in Islamabad.

The company is a subsidiary of British American Tobacco Investments Limited, United Kingdom. The ultimate parent company is British American Tobacco Plc. United Kingdom. The business was formed in 1902 with over 300 brands in the portfolio in over more than 180 countries.

The brands which the company has include Dunhill, Benson and Hedges, John Player Gold Leaf, Capstan, Gold Flake and Embassy cigarettes.

The symbol "PAKT" is being used by the stock exchange for the shares of Pakistan Tobacco Company Limited.

© Pakistan Press International, source Asianet-Pakistan