Board of directors meeting of Ibrahim Fibres Limited

Karachi, Ibrahim Fibres Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 18, 2022 at Lahore. The agenda of the meeting will to consider the Quarterly Accounts for the period ended June 30, 2022.

Further, the company has declared the closed period from August 11, 2022 to August 18, 2022.

Ibrahim Fibres Limited was incorporated in Pakistan as a Public limited company. The principal business of the company is to manufacture and sell polyester staple fibre and yarn.

Polyester Plant manufacturing operations are staggered in three production lines located within the same premises, at 38th K.M. Faisalabad – Sheikhupura Road, Faisalabad and are spread over an area of more than 100 acres of land with a capacity to produce 390,600 tons per annum of Polyester Staple Fibre (PSF).

The total numbers of shares are 310,506,995. The Earnings per share is (4.17) in 2020 which was 3.22 in 2019. The profit after Taxation is (1,295,482,000) in 2020 which was 998,493,000 in 2019.