Financial results of Colony Textile Mills Limited for Quarter ended December 31, 2022

Karachi, Colony Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on March 01, 2023.

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for quarter ended December 31, 2023 which portrayed a profit of Rs. 585,009 and Rs. 591,437 with loss per share 1.17 and 1.19 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from February 23, 2023 to March 01, 2023 (both days inclusive).

“Colony Mills Limited (CML) was established as a textile manufacturing unit on September 21, 2005 and absorbed “Colony Textile Mills Limited” in 2006. Colony Textile Mills Limited was the principal company established as a textile manufacturing unit in 1946. CML’s expertise, primarily, lies in production, manufacturing and sale of different types of yarns of various counts. The company has a healthy portfolio of income generating assets that crossed total revenues over 13 Billion rupees for the year ended June 30, 2011.

The symbol “CTM” is being used by the stock exchanges for the Colony Textile Mills Limited.”