Financial results of Haydari Construction Company Limited for period ended September 30, 2016

Karachi, Haydari Construction Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 20, 2016.

The agenda of the meeting was discussion of profit and loss account for nine months period ended September 30, 2016 which portrayed a loss of Rs. 117,210 with loss per share 0.0183 basic and diluted respectively.

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

Haydari Construction Company Limited is engaged in the construction of buildings and warehouses in Pakistan. It was incorporated in August of 1946 and its shares are floated in the Pakistan Stock Exchange under the ticker symbol of HADC. It transacts business from its registered head office located in Karachi, Pakistan.

The company provides new construction, reconstruction, rehabilitation, and repairs of various projects such as land subdivisions, and commercial, industrial, and residential areas. The company predominantly operates within the domestic market.

The symbol “HADC” is being used by the stock exchanges for the shares of Haydari Construction Company Limited.