Karachi, Gul Ahmed Textile Mills Limited informed Pakistan Stock Exchange that they have credited the 20% interim Bonus Shares announced on April 27, 2021 to the CDC Shareholders respective accounts in the Central Depository System (CDS) of Central Depository of Pakistan Limited on July 14, 2021 and the Physical shares certificates in respect of bonus shares will be dispatched to the shareholders through the courier on or before July 20, 2021.
Gul Ahmed Textile Mills Limited was established in the year of 1953. The company was incorporated in Pakistan on April 01, 1953 and listing in the Karachi Stock Exchange in 1970. The manufacturing wing is an essential component in Gul Ahmed’s operations. The manufacturing cycle, which includes spinning, weaving, processing, designing and stitching, results in an end product.
With an installed capacity of more than 51,840 spindles, 300 state-of-the-art weaving machines and yarn dyeing, processing & stitching units, Gul Ahmed is a composite unit – making everything from cotton yarn to finished products. Gul Ahmed has its own captive power plant comprising of gas engines, gas & steam turbines, and backup diesel engines. Gul Ahmed has also set up a waste water treatment plant to treat 100% of its effluent, bringing it to NEQS levels.
Gul Ahmed Textile Mills Limited is listed on Pakistan Stock Exchange, quoted shares of it that are 513,353,556. The Earnings per shares of the Company is (1.12) in 2020 which was 8.44 in 2019. The Profit after Taxation in 2020 was (479,365,000) which was 3,609,220,000 in 2019.