Financial results of Pakistan National Shipping Corporation for period ended December 31, 2015

Karachi: Pakistan National Shipping Corporation informed Pakistan Stock Exchange about recommendations made by board of directors in the meeting held at Karachi on February 25, 2016.

The agenda of the meeting was discussion of un-audited profit and loss accounts for quarter ended December 31, 2015 which portrayed a profit of Rs. 750,494,000 and earnings per share Rs. 5.68 basic and diluted.

Secondly, un-audited profit and loss accounts discussed for six months ended December 31, 2015, which portrayed a profit of Rs. 810,374,000 and earnings per share Rs. 6.14 basic and diluted.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Pakistan National Shipping Corporation is a company established in Pakistan. It was established under the provisions of the Pakistan National Shipping Corporation Ordinance, 1979 and is principally engaged in the business of shipping, including charter of vessels, transportation of cargo and other related services and providing commercial, technical, administrative, financial and other services to third parties in relation to the business of shipping. It is also engaged in renting out its properties to tenants under lease arrangements. The stocks of the corporation are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the corporation is situated at Karachi.

The symbol “PNSC” is being used by the stock exchange for the shares of Pakistan National Shipping Corporation.