Karachi, Yousaf Weaving Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on October 07, 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. 17,179,535 with earnings per share 0.19 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 28, 2021 (both days inclusive).

The Company was incorporated on January 17, 1988 as a public limited company. The Company is engaged in the business of textile weaving, spinning and sale of processed fabric, home textile and dairy products. The registered office of the Company is situated at 7/1, E-3, Main Boulevard Gulberg III, Lahore.

The total numbers of shares 90,000,000. The Earnings per share is (0.84) in 2020 which was (0.83) in 2019. The Company had a loss of Rs. 75,481,000 in 2020 which was 74,291,000 in 2019.