Karachi, Bilal Fibres Limited informed Pakistan Stock Exchange that the management is actively pursuing different options for the revival of the company’s operations and is in the process of finding out international and local investors for a joint venture and is very positive that the company will be in position to resume the business operation soon since the government.
Bilal Fibres Limited was first established in 1987. The company is limited by shares, incorporated in Pakistan and is quoted on Pakistan stock exchange. The principal business of the company is manufacturing and sale of yarn. The mill is located at 38-KM Sheikhupura Road, Tehsil Jaranwala, District Faisalabad. The current capacity of the project is over 30,000 ring spindles. Bilal Fibres Ltd is also an active member of Lahore Chamber of Commerce and Industry and All Pakistan Textile Mills Association.
The total number of shares are 14,100,000. The Earnings per share is (2.12) in 2020 which was (0.62) in 2019. The Company had a loss of Rs. 29,953,000 in 2020 which was 8,682,000 in 2019.