Karachi, Jubilee Spinning and Weaving Mills Limited informed Pakistan Stock Exchange that a no objection Certificate has been received from Habib Bank Limited and assured that their request for NOC has been forwarded to their legal; department.
Jubilee Spinning & Weaving Mills Limited was incorporated in Pakistan as a public limited company on 12 December 1973. The Company obtained certificate of commencement of business in January 1974. The principal objective of the Company is to engage in the business of manufacturing and selling of yarn, buying, selling and otherwise dealing in yarn and raw cotton. The Company also operates electric power generation facilities which generate electricity for use within the production site.
Shares of the Company are listed on all stock exchanges of Pakistan. Its registered office is situated in Lahore and the production facilities are located at Karachi.
The total number of shares are 32,491,205. The Earnings per shares of the company is (0.32) in 2020 which was 0.89 in 2019. The Profit After Taxation in 2020 is (10,481,000) which was 28,891,000 in 2019.