Shaffi Chemical Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 26, 2020.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2019 which portrayed a loss of Rs. 1,027,243 with loss per share 0.09 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/143465.pdf

Shaffi Chemical Industries Limited is a company incorporated in Pakistan on September 27, 1994 as a public limited company and the foundations of the company are laid under the Companies Ordinance, 1984. The principal business activity is the manufacturing of Di-Octyl Ortho Phthalates, commonly known as DOP which is an industrial raw material and is used by the Foam, Plastic, Conduit Pipe Making, Cable, Footwear and Artificial Leather Industry. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Khyber Pakhtunkhuwa.

The symbol "SHCI" is being used by the stock exchange for the shares of Shaffi Chemical Industries Limited.

© Pakistan Press International, source Asianet-Pakistan