Karachi, Shahzad Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore 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. 82,571 with loss per share 4.59 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Shahzad Textile Mills Limited was incorporated in 1978. The Company is domiciled in Pakistan and principle business of the Company is to manufacture and deal in all types of yarn.
The total numbers of shares are 17,971,372. The Earnings per share is 2.54 in 2020 which was 7.27 in 2019. The Profit after Taxation is 45,602,000 in 2020 which was 130,726,000 in 2019.