Karachi: Dadabhoy Cement Industries Limited informed Karachi Stock Exchange about recommendations made by the board of directors in the meeting held at Karachi on November 23, 2015.
The agenda of the meeting was discussion of un-audited interim profit and loss account for first quarter ended September 30, 2015 which portrayed a loss of Rs. 4,803 and loss per share 0.05 basic and diluted.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Dadabhoy Cement Industries Limited was incorporated on August 9, 1979 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The company is engaged in the manufacturing and sale of ordinary Portland, slag and sulphate resistant cement. The commercial production of the company started in 1986. The stocks of the company are quote on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi.
The group has introduced coal technology for cement and other process industries such as cement. Presently the company is running on 100% usage of coal. Management is finding measures so that 100% coal can be used and utilized. .
The symbol “DBCI” is being used by the stock exchanges for the shares of Dadabhoy Cement Industries Limited.