Financial results of Ibrahim Fibres Limited for Year ended June 30, 2021

Karachi, Ibrahim Fibres Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on September 17, 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. 6,578,948,149 with earnings per share 21.19 basic and diluted respectively.

Further, 20% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from October 16, 2021 to October 26, 2021 (both days inclusive).

Ibrahim Fibres Limited was incorporated in Pakistan as a Public limited company. The principal business of the company is to manufacture and sell polyester staple fibre and yarn.

Polyester Plant manufacturing operations are staggered in three production lines located within the same premises, at 38th K.M. Faisalabad – Sheikhupura Road, Faisalabad and are spread over an area of more than 100 acres of land with a capacity to produce 390,600 tons per annum of Polyester Staple Fibre (PSF).

The total numbers of shares are 310,506,995. The Earnings per share is (4.17) in 2020 which was 3.22 in 2019. The profit after Taxation is (1,295,482,000) in 2020 which was 998,493,000 in 2019.