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

Financial Results

Karachi, Khurshid 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 profit of Rs. 33,212 with earnings per share 2.52 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 21, 2021 to October 27, 2021 (both days inclusive).

Khurshid Spinning Mills Limited is a public limited company incorporated in Pakistan. The principal objectives of the Company are to manufacture and deal in all types of yarn. Their head office is situated at Faisalabad, Punjab.

The total numbers of shares of the company are 13,174,800 quoted on Stock Exchange of Pakistan. The Earning per shares of the Company is 1.36 in 2020 which was (1.10) in 2019. The Profit after Taxation of the Company is 17,897,000 in 2020 which was (14,455,000) in 2019.