Karachi, Husein Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 29, 2019.
The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2019 which portrayed a profit of Rs. 712 with earnings per share 0.07 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Husein Industries Limited was incorporated in 1951 as a manufacturer and exporter of textile products. The company’s manufacturing activities includes spinning, weaving and processing of home textile and apparel. The products of the company range from bedding, curtains, cushions, blankets and other apparels. The registered office of the company is located in Karachi.
The symbol “HUSI” is being used by the stock exchange for the shares of Husein Industries Limited.