Karachi, Kohinoor Spinning Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on November 29, 2019.
The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2019 which portrayed a loss of Rs. 106,384,450 with loss per share 0.49 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Kohinoor Spinning Mills Limited deals in Yarn having Super Lemon Brand. Production Capacity is 20.00 Million Kgs and the Mill Installed has 59,928 Spindles. Chakwal Group is a well known industrial group of Pakistan. It started its textile operations in 1974 when Kohinoor Spinning Mill unit 1 was incorporated. Since then Chakwal Group has expanded its operations in textile manufacturing and has diversified into other sectors as well. Currently it operates 6 spinning mills comprising of 160,000 spindles one weaving unit with 160 wide and narrow width looms under the textile umbrella.
The symbol “KOSM” is being used by the stock exchanges for the shares of Kohinoor Spinning Mills Limited.