Financial results of Associated Services Limited for quarter ended September 30, 2016

Karachi, Associated Services Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 26, 2016.

The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2016 which portrayed a profit of Rs. 224,987 with earnings per share 0.06 basic and diluted respectively.

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

Associated Services Limited, formerly Latif Jute Mills Limited, is a Pakistan-based management services company. The Company offers an array of services ranging from feasibility and conceptual design, through to detailed design, planning submission, tendering, and contract advice, appointment of contractor, site inspection and completion. It specializes in providing advice on conservation, repair and restoration of historic buildings. It offers historical research and analysis of both individual and groups of buildings. Its services include project management, construction, cost management, engineering, architecture, Web design, brand design, consultancy, computer services, ground surveys, maintenance, marketing, employment services, catering staffing and promotional work. The Company offers professional management services to a range of businesses and organizations, including owner-occupiers, public sector, commercial developers, funds, contractors and residential developers.

The symbol “ASRL” is being used by the stock exchange for the Associated Services Limited.