Karachi, Fateh Sports Wear Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Hyderabad on February 24, 2022.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2021 which portrayed a profit of Rs. 13,626,921 with earnings per share 6.81 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Fateh Sports Wear Limited was established and incorporated in 1984, as a public Limited Company. The business of company is to manufacture readymade garments for selling them locally as well as exporting.
The total number of shares of the Company are 2,000,000. The Earnings per shares of the Company is 316.64 in 2020 which was (9.37) in 2019. Their Profit after Taxation is 633,285,000 which was (18,745,000) in 2019.