Karachi, J. A. Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 27, 2020.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2019 which portrayed a loss of Rs. 8,487,372 with loss per share 0.67 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
The Company was incorporated in Pakistan on 25 May, 1987 under the Companies Ordinance, 1984. The shares of the company are listed on the Karachi and Lahore Stock Exchanges in Pakistan. The Mill is situated at Tehsil Jaranwala, District Faisalabad in the province of Punjab and the registered office of the Company is situated at JK House, 32-W, Susan Road, Madina Town, Faisalabad.
The Company started commercial production in April, 1992. The mills is equipped with technologically advanced, ultramodern spinning plant of 21,384 spindles and ancillaries from World famous suppliers, where we produce 100% cotton yarn and PC yarn of finest quality. We are equally strong in domestic and export market.
The symbol “JATM” is being used by the stock exchanges for the shares of J. A. Textile Mills Limited.