Karachi, Nagina Cotton Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on February 23, 2023.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2022 which portrayed a profit of Rs. 93,065,628 with earnings per share 6.17 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Nagina Cotton Mills Limited was incorporated in Pakistan on May 16, 1967 as a public limited company. The principal business of the Company is manufacture and sale of yarn.
The total numbers of shares are 18,700,000. The Earnings per share is 0.41 in 2020 which was 16.50 in 2019. The Profit after Taxation is 7,629,000 in 2020 which was 308,620,000 in 2019.