Karachi, Jubilee Spinning and Weaving Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 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. 5,176,832 with earnings per share 0.16 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 22, 2021 to October 28, 2021 (both days inclusive).
Jubilee Spinning & Weaving Mills Limited was incorporated in Pakistan as a public limited company on 12 December 1973. The Company obtained certificate of commencement of business in January 1974. The principal objective of the Company is to engage in the business of manufacturing and selling of yarn, buying, selling and otherwise dealing in yarn and raw cotton. The Company also operates electric power generation facilities which generate electricity for use within the production site.
Shares of the Company are listed on all stock exchanges of Pakistan. Its registered office is situated in Lahore and the production facilities are located at Karachi.
The total number of shares are 32,491,205. The Earnings per shares of the company is (0.32) in 2020 which was 0.89 in 2019. The Profit After Taxation in 2020 is (10,481,000) which was 28,891,000 in 2019.