Karachi, Zahidjee Textile Mills Limited informed Pakistan Stock Exchange that Mr. Muhammad Ali has been appointed as Director of the company with effect from December 31, 2021 in place of Mr. Muhammad Jamshed.
Zahidjee Textile Mills Limited was incorporated in Pakistan on July 17, 1990 as a public limited company. The Company has multiple business divisions, which consist of spinning, stitching, export, power generation, and weaving. The company exports value added fabrics along with textile made-ups. It is also engaged in the business of manufacturing, and selling yarn.
Zahidjee Textile Mills Limited is one of the vertically integrated textile companies in Pakistan. Zahidjee Textile Mills Limited has over 125,000 spindles, 400 Sulzer looms. The Company also has one of the most modern stitching units for production of home textiles, and garments. It has power Generation facilities with a capacity of 20 MW.
The total number of shares are 191,421,102. The Earning per share is 3.64 in 2020 which was 4.08 in 2019. The Profit after tax is 697,418,000 in 2020 which was 612,219,000 in 2019.