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

Financial Results

Karachi, Sapphire Fibres Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on September 23, 2021.

The agenda of the meeting was discussion of consolidated profit and loss account for Year ended June 30, 2021 which portrayed a profit of Rs. 4,616,008,541 with earnings per share 184.25 basic and diluted respectively.

Further, 100% 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).

Sapphire Fibres Limited was incorporated in Pakistan on June 5, 1979 as a Public Company. The Company is principally engaged in manufacture and sale of yarn, fabrics and garments.

Sapphire Fibres Limited (SFL) is a vertically integrated composite textile unit, manufacturing cotton yarn, fabric and garments. SFL is the flagship company of the Sapphire Group. Manufacturing units are located in the province of Punjab at Raiwind Road Lahore, Feroze Wattoan /Kharianwala, district Sheikhupura consisting of 99,024 spindles, 9 fabric dyeing, 9 yarn dyeing, 92 knitting and 282 stitching machines.

The total number of shares the company has introduced are 20,671,875. The Earnings per share is 55.61 in 2020 which was 36.72 in 2019. The Profit After Taxation is 1,125,323,000 in 2020 which was 759,197,000 in 2019.