Karachi, Sapphire Fibres Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled held on October 27, 2021 at Karachi.

The agenda of the meeting will be confirming the minutes of Annual General Meeting held on October 22, 2020, to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended June 30, 2021 together with the Directors and Auditors Reports thereon, to appoint auditors for the year ending June 30, 2022 and fix their remuneration and to transact any other business with the permission of the chair.

Sapphire Fibres Limited was incorporated in Pakistan on June 5, 1979 as a Public Company. The Company is principally engaged in manufacture and sale of yarn, fabrics and garments.

Sapphire Fibres Limited (SFL) is a vertically integrated composite textile unit, manufacturing cotton yarn, fabric and garments. SFL is the flagship company of the Sapphire Group. Manufacturing units are located in the province of Punjab at Raiwind Road Lahore, Feroze Wattoan /Kharianwala, district Sheikhupura consisting of 99,024 spindles, 9 fabric dyeing, 9 yarn dyeing, 92 knitting and 282 stitching machines.

The total number of shares the company has introduced are 20,671,875. The Earnings per share is 55.61 in 2020 which was 36.72 in 2019. The Profit After Taxation is 1,125,323,000 in 2020 which was 759,197,000 in 2019.