Karachi, Asim Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 27, 2020.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2019 which portrayed a profit of Rs. 16,552,725 with earnings per share 1.09 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Asim Textile Mills Limited is a company incorporated in Pakistan as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The core business activities of the company are manufacturing and sale of yarn. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchange of Pakistan. The mill of the company and its registered office is located in Faisalabad.
The symbol “ASTM” is being used by the stock exchange for the shares of Asim Textile Mills Limited.