Karachi, Haji Mohammad Ismail Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 24, 2023.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2022 which portrayed a loss of Rs. 851,595 with loss per share 0.07 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
The company was incorporated as a private limited company on February 5, 1980 and subsequently converted into public limited company on October 15, 1987. The Principal Business of the company was manufacture and sale of yarn and Power Generation. Subsequently during the Year 2017 the management added new object clauses in the Memorandum of Association from Textile/ Power Generation to trading/ distribution of fast moving consumer goods and other lawful business objects.
The total number of shares are 11,975,040. The Earnings per share is (1.86) in 2020 which was (0.34) in 2019. The Company had a loss of Rs. 22,224,000 in 2020 which was 4,040,000 in 2019.