Karachi, Idress Textile Mills 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. 10,946,980 with earnings per share 0.55 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Idrees Textile Mills Limited is a company incorporated in Pakistan as an unquoted public limited company in 1990. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is manufacturing and sale of yarn and fabric. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan.
Associated companies include Bilal Omair Textile Mills Private Limited and Shama Enterprises Private Limited.
The symbol “IDRT” is being used by the stock exchanges for the shares of Idrees Textile Mills Limited.
