Karachi, Nagina Cotton Mills Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 22, 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. 20,877,728 with earnings per share 1.12 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Nagina Cotton Mills Limited is a company incorporated in Pakistan on May 16, 1967. It is a public limited company the foundations of which are laid under the Companies Ordinance, 1984. The principal activity of the company is to manufacture and sale of cotton and blended yarn. The manufacturing facilities are located in Kotri Industrial Trading Estate in the Province of Sindh. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Karachi.
The symbol “NAGC” is being used by the stock exchange for the shares of Nagina Cotton Mills Limited.