Karachi, Island Textile Mills Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 26, 2018.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2017 which portrayed a profit of Rs. 49,715 with earnings per share 99.43 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Island Textile Mills Limited is a company incorporated in Pakistan on May 20, 1970. It is a public limited company the foundations of which are laid under the Companies Ordinance, 1984. The principal business activity of the company includes the manufacture and sale of yarn. The manufacturing facility of the company is located in Kotri Industrial Estate in the province of Sindh. The shares of the company are quoted on Karachi Stock Exchange of Pakistan. The registered office of the company is located at Karachi.
The symbol “ILTM” is being used by the stock exchange for the shares of Island Textile Mills Limited.