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Markets Print edition: 2020-10-29

Punjab Oil Mills forgoes paying out any final dividend

Published October 29, 2020 Updated October 29, 2020 02:53am
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KARACHI: The Board of Directors of Punjab Oil Mills Ltd., in its meeting held on October 26, 2020, keeping in view the current economic scenario and reduced earnings for FY2020, has decided to forego paying out any final dividend for FY20 with a view to conserve cash in context of attractive investment/expansion opportunities being actively considered by the company that could significantly enhance the company’s future outlook. The fresh investment plan is being finalised in the next few months.—PR

Copyright Business Recorder, 2020

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