Financial results of Service Industries Limited for Quarter ended June 30, 2021

Karachi, Service Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on August 26, 2021.

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for quarter ended June 30, 2021 which portrayed a profit of Rs. 33,407 and Rs. 6,490 with earnings per share 0.71 and 0.14 basic and diluted respectively.

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

Service Industries Limited was incorporated on 20 March 1957 in Pakistan. The principal activities of the Company are purchase, manufacture and sale of footwear, tyres and tubes and technical rubber products. The factories are situated in Gujrat and one in Sheikhupura Road, Muridke

The total number of shares the company has introduced so far are 46,987,500. Their Earnings per shares in 2020 is 29.37 which was 37.73 in 2019. The Profit after Taxation in 2020 is 690,024,000 which was 886,364,000 in 2019.