Karachi, Suraj Cotton Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on September 20, 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. 2,558,521 with earnings per share 68.43 basic and diluted respectively.
Further, 100% payment of cash dividend, 10%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).
Suraj Cotton Mills Limited was incorporated in Pakistan as a public limited company. The Company is engaged in the manufacturing, sale and trading of yarn, cloth and processing of cloth. Suraj Cotton Mills Limited has spinning and air jet weaving machinery.
The total numbers of shares are 40,338,443. The Earnings per share is 19.62 in 2020 which was 23.42 in 2019. The Profit after taxation is 719,549,000 in 2020 which was 858,755,000 in 2019.