Karachi, Interloop Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 15, 2021.
The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2021 which portrayed a profit of Rs. 2,690,081 with earnings per share 3.08 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Interloop Limited was incorporated in Pakistan on 25th April, 1992 as a private limited company. On 18th July 2008, the Company was converted into public limited company and subsequently, on 5th April 2019, it was publicly listed on Pakistan Stock Exchange. The Company is engaged in the business of manufacturing and sale of socks, leggie, denim and yarn, and generating electricity for its own use.
The total numbers of shares 872,197,450. The Earnings per share is 2.06 in 2020 which was 6.67 in 2019. The Profit after Taxation is 1,796,403,000 in 2020 which was 5,194,767,000 in 2019.