Financial results of Al Shaheer Corporation Limited for quarter ended September 30, 2016

Karachi, Al Shaheer Corporation Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 28, 2016.

The agenda of the meeting was discussion of unconsolidated and consolidated profit and loss account for quarter ended September 30, 2016 which portrayed a loss of Rs. 39,353 and Rs. 41,028 with earnings/ loss per share 0.28 and 0.29 basic and diluted respectively.

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

Al Shaheer Corporation is a market leader in Pakistan’s burgeoning meat industry. Established in 2008 with a vision to become a global leader in the halal food sector, we have grown from humble beginnings into a company that occupies a leading position as a fresh meat exporter and retailer in Pakistan.

Responding to increased consumer demand for halal meat products, Al Shaheer serves a wide range of customers, both internationally and domestically. We export fresh beef and mutton to some of the largest distributors in the Middle East and operate a nationwide network of meat shops, retailing fresh beef, mutton, poultry and ready to cook products of the highest quality that consumers know and trust.

The symbol “ASC” is being used by the stock exchange for Al Shaheer Corporation.