Karachi, Allawasaya Textile and Finishing Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 06, 2021 at Multan. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2021.
Further, the company has declared the closed period from September 29, 2021 to October 06, 2021.
Allawasaya Textile and Finishing Mills Limited was incorporated in Pakistan on December 03, 1958 as a private limited company. It was converted into a public limited company in 1965. It is principally engaged in the manufacturing and sale of yarn.
Initially the Company started business with the processing of Cloth i.e., bleaching, dyeing, mercerizing, printing and finishing in 1958. Moving on and started its first spinning project in 1964 with a capacity of 12,400 Spindles. It produced high quality cotton carded and combed yarn. Presently it is working with full capacity of 38,232 spindles.
The total number of shares of the Company are quoted on Pakistan Stock Exchange as 800,000. The Earning per share is 18.53 in 2020 which was (19.90) in 2019. The Profit after tax is 14,826,000 in 2020 which was (15,920,000) in 2019.