Financial results of Bannu Woollen Mills Limited for Year ended June 30, 2021

Financial Results

Karachi, Bannu Woollen Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Rawalpindi on September 21, 2021.

The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2021 which portrayed a profit of Rs. 81,662 with earnings per share 10.07 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from October 09, 2021 to October 16, 2021 (both days inclusive).

Bannu Woollen Mills Ltd was established by PIDC in 1953 and as such is the oldest woolen industry of Pakistan. On disinvestments by PIDC in 1964, it was purchased by Bibojee Group of Companies founded by a renowned industrialist of the country Late Lt.Gen.(R)M. Habibullah Khan Khattak. This group of companies is engaged in the manufacture of a vast range of products, providing jobs to thousands of hands directly and many more indirectly through down-stream industries and is making considerable contribution to the National exchequer and the GDP.

The mills was made a public limited company in 1992 and is quoted at Karachi/Islamabad Stock Exchanges.

The company’s quality management system has been certified and registered against ISO 9001-2000 standards by M/S Moody International Certification Ltd; with accreditation to M/S UKAS(U.K).

The Mills manufactures a variety of woollen products which include tweed, blazer, velour, superior/donigal/honey shirting, byla & byma for light winter wear, blankets, shawls, services dress cloth, upholstery and curtain cloth etc. in attractive shades and designs.

The symbol “BNWM” is being used by the stock exchange for Bannu Woollen Mills Limited.