Karachi, Ellcot Spinning Mills Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on February 22, 2018.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2017 which portrayed a profit of Rs. 28,163,436 with earnings per share 2.57 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Ellcot Spinning Mills Limited is a company incorporated in Pakistan. It is a public limited company the foundations of which are laid under the Companies Ordinance, 1984. The principal activities of the company include manufacture and sale of yarn. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Lahore.
The symbol “ELSM” is being used by the stock exchange for the shares of Ellcot Spinning Mills Limited.