Pakistan Company News

Board of directors meeting of Service Industries Textiles Limited

Karachi, Service Industries Textiles Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on March 30, 2023 at Lahore. The agenda of the meeting will to consider the Annual Accounts for the period ended December 31, 2022.

Further, the company has declared the closed period from March 22, 2023 to March 30, 2023.

Service Industries Textiles Limited was incorporated in Pakistan in 1962 as a Private Limited Company and was subsequently converted into a Public Limited Company in 1970. The principal activity of the Company is manufacturing and sale of yarn made from raw cotton and synthetic fiber.

The total numbers of shares are 13,787,567. The Earnings per share is (5.63) in 2020 which was 8.34 in 2019. The Profit after Taxation is (25,042,000) in 2020 which was 37,114,000 in 2019.