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

Financial Results

Karachi, Sapphire Textile Mills 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. 8,988,722,814 with earnings per share 315.86 basic and diluted respectively.

Further, 150% 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 Textile Mills Limited was incorporated in Pakistan on 11 March 1969 as a public limited company. The Company is principally engaged in manufacturing and sale of yarn, fabrics, home textile products, finishing, stitching and printing of fabrics.

The total numbers of shares are 21,689,791. The Earnings per share is 55.03 in 2020 which was 121.31 in 2019. The Profit after Taxation of the Company is 1,179,089,000 in 2020 which was 2,559,440,000 in 2019.