Karachi, International Knitwear Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 25, 2022.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2021 which portrayed a profit of Rs. 2,904,457 with earnings per share per share 0.30 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
International Knitwear Limited is incorporated in Pakistan. The company is engaged in creating, developing and manufacturing knitted and woven apparel products. The company is also engaged in export of garments.
The total numbers of shares are 9,675,000. The earnings per share is 0.80 in 2020 which was 1.06 in 2019. The Profit after taxation is 7,735,000 in 2020 which was 10,238,000 in 2019.