Financial results of Gadoon Textile Mill Limited for Year ended June 30, 2021

Financial Results

Karachi, Gadoon Textile Mill Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 06, 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. 3,534,101 with earnings per share 126.08 basic and diluted respectively.

Further, 120%payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from September 21, 2021 to September 27, 2021 (both days inclusive).

Gadoon Textile Mill Limited was incorporated in 1988 as a public limited Company in a group of Yunus Brothers Group (YBG). The principal activity of the Company is manufacturing and sale of yarn and knitted fabrics. Y.B. Holdings (Private) Limited is the Ultimate Holding Company of the Group.

Gadoon Textile Mills Limited has a portfolio of yarn counts, including those of 100% cotton (combed and carded), as well of Polyester, Viscose, Acrylic, Lycra, Trilobal, Melange and Cotton.

The Company is listed on Pakistan Stock Exchange Limited and the total number of shares of the Company are 28,029,583. Earnings per shares of the Company is 1.62 in 2020 which was 41.61 in 2019. Their Profit after Taxation is 45,499,000 in 2020 which was 1,166,293,000 in 2019.