Corporate Briefing Session of Allawasaya Textile and Finishing Mills Limited

Karachi, Allawasaya Textile and Finishing Mills Limited informed Pakistan Stock Exchange that Corporate Briefing Session of the Company will be held on November 26, 2022 at Multan, to brief the investors/analysts about Company Financial Performance and Outlook for the year ended June 30, 2022.

“Allawasaya Textile and Finishing Mills Limited was incorporated in Pakistan on December 03, 1958 as a private limited company. It was converted into a public limited company in 1965. It is principally engaged in the manufacturing and sale of yarn.

Initially the Company started business with the processing of Cloth i.e., bleaching, dyeing, mercerizing, printing and finishing in 1958. Moving on and started its first spinning project in 1964 with a capacity of 12,400 Spindles. It produced high quality cotton carded and combed yarn. Presently it is working with full capacity of 38,232 spindles.

The total number of shares of the Company are quoted on Pakistan Stock Exchange as 800,000. The Earning per share is 18.53 in 2020 which was (19.90) in 2019. The Profit after tax is 14,826,000 in 2020 which was (15,920,000) in 2019.”