Karachi, J. K. Spinning Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Faisalabad on February 23, 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. 10,856 with earnings per share 0.15 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
J.K. Group can trace back its history a little more than two decades when the group started its business in fertile and industrial city of Faisalabad formerly known as Lyallpur. With business roots of the sponsor directors penetrated deep more than a century. J.K. Group of Companies initiated in its present shape in 1975 as a cloth exporter and trader.
A diminutive venture which started two decades back as a cloth trading company has emerged as significant business house with their interests in Spinning, Fabric and Agriculture Farms. The group can easily be segregated into four divisions as Yarn, Fabric,Power and Agriculture Farms.
The symbol “JKSM” is being used by the stock exchanges for the shares of J.K. Group.