Board of directors meeting of Artistic Denim Mills Limited

Karachi, Artistic Denim Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 25, 2021 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from September 17, 2021 to September 25, 2021.

Artistic Denim Mills Limited is a public listed company which started production in 1993 and persistently offering premium fabrics with multiple colors, shades and garments with extensive array of washes. Artistic Denim Mills Limited is engaged in the business of manufacturing of dyed denim fabric, yarn, and value-added textile products.

The company is a complete vertical unit converting cotton to finished garments, and is equipped with rope dyeing machines with a capacity of 140,000 meters.

The shares of the company are quoted on Pakistan stock Exchange, and the symbol “ADMM” is being used by the stock exchange for the shares of Artistic Denim Mills Limited.

The total number of shares they issued are 84,000,000. Earning Per Shares has decreased in 2020 which is 1.35 compare to 10.32 in 2019. The Net Profit Margin percentage has also decreased in 2020 which is 1.43% whereas it was 11.16% in 2019.