Board of directors meeting of Sapphire Fibres Limited

Karachi, Sapphire Fibres Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 23, 2021 at Lahore. 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 23, 2021.

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 Sheikhpura 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.