Karachi, Kohinoor Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 26, 2020.
The agenda of the meeting was discussion of consolidated profit and loss account for quarter ended December 31, 2019 which portrayed a loss of Rs. 679,711 with loss per share 0.95 and unconsolidated profit and loss account for quarter ended December 31, 2019 which portrayed a profit of Rs. 608,801 with earning per share 2.03 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Kohinoor Textile Mills Limited is a Pakistan-based textile company. The Company operates through three segments: spinning, weaving, and processing and home textile. The Company’s spinning segment produces yarn using natural and artificial fibers. Its weaving segment is engaged in producing greige fabric using yarn. Its processing and home textile segment is engaged in processing greige fabric for production of printed and dyed fabric, and manufacturing of home textile articles. The Company owns production facilities at Rawalpindi, District Kasur and Gujar Khan. The Company’s production facilities include approximately 156,528 ring spindles capable of spinning a range of counts using cotton and man-made fibers. The Company’s stitching facilities produce a range of home textiles for the export market. The Company is engaged in the dyeing and printing fabrics for the home textile market. The Company’s subsidiaries are Maple Leaf Cement Factory Limited and Maple Leaf Capital Limited.
The symbol “KTML” is being used by the stock exchanges for the shares of Kohinoor Textile Mills Limited.