Karachi, Sapphire Fibres Limited informed Pakistan Stock Exchange that Mr. Yousuf Abdullah has been appointed as Chairman of the Board of the Company with effect from September 23, 2021 in place of Mr. Amer Abdullah.
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.