Financial results of Genertech Pakistan Limited for period ended March 31, 2016

Karachi, Genertech Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on April 30, 2016.

The agenda of the meeting was discussion of profit and loss account for nine months period and quarter ended March 31, 2016 which portrayed a loss of Rs. 936,844,910 and Rs. 929,473,707 with loss per share 0.56 and 0.19 basic and diluted respectively.

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

Furthermore, the share transfer books of the company closed from April 23, 2016 to April 29, 2016 (both days inclusive).

Genertech Pakistan Limited (GPL) is a Pakistan-based power generation company. The Company was formed as a joint venture with Nishat Group. GPL has set up a power generation and distribution system at Chunian near Lahore. This power station has a capacity of around 27.52 megawatts.

The symbol “GENP” is being used by the stock exchanges for the Genertech Pakistan Limited.