Karachi, Globe Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Faisalabad on April 28, 2022.
The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2022 which portrayed a profit of Rs. 253 with earnings per share 0.01 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Globe Textile Mills Limited was incorporated on November 17, 1967 as a public limited company. The principal activity of the Company is manufacturing and selling of yarn. The total numbers of shares are 16,367,085. The (0.14) in 2020 which was (0.08) in 2019. The Company had a loss Rs. 2,269,000 in 2020 which was 1,338,000 in 2019.