Karachi, Globe Textile Mills (OE) Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on November 01, 2022.
The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for quarter ended September 30, 2022 which portrayed a loss of Rs. 90 with loss per share 0.00 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
The Company was incorporated on December 29, 1980 as a public limited company. The principal activity of the Company is manufacturing and selling of yarn. The total numbers of shares are 4,660,000. The Earnings per share is (7.16) in 2016 which was (2.64) in 2015. The Company had a loss of Rs. (33,362,000) in 2016 which was (12,325,000) in 2015.