Financial results of Dewan Farooque Spinning Mills Limited for Year ended June 30, 2021

Financial Results

Karachi, Dewan Farooque Spinning Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 24, 2021.

The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2021 which portrayed a loss of Rs. 112,600,791 with loss per share 1.15 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 20, 2021 to October 27, 2021 (both days inclusive).

Dewan Farooque Spinning Mills Limited was incorporated as a Public Limited Company on December 22, 2003. The company is principally engaged in the manufacturing and sale of yarn.

The shares of the Company are 97,750,726. The Earnings per shares is (2.02) in 2020 which was (2.15) in 2019. The Company had a loss of 197,869,000 in 2020 which was 210, 213,000 in 2019.