Election of Directors of Nadeem Textile Mills Limited

Elections / Appointments

Karachi, Nadeem Textile Mills Limited informed Pakistan Stock Exchange that the nine members have filed themselves as Directors of the Company in their Extraordinary General Meeting will be held on March 20, 2023 at Karachi.

Nadeem Textile Mills Limited was incorporated in Pakistan as public limited company on July 15, 1984. The main business of the Company is manufacture and sale of yarn.

The group is equipped with a total of 72,192 spindles and has established its own power generation plant. The plant provides stable electric power supply to the mill. In addition to selling its yarn locally, the company regularly supplies its yarns to Far East Asia, Europe, Turkey, South East Asia and South Asia markets.

The total numbers of shares are 21,511,985. The Earnings per share is 0.91 in 2020 which was 10.42 in 2019. The Profit after Taxation is 17,545,000 in 2020 which was 200,160,000 in 2019.