Financial results of Redco Textiles Limited for Year ended June 30, 2022

Karachi, Redco Textiles Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Islamabad on October 04, 2022.

The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2022 which portrayed a profit of Rs. 17,488,745 with loss per share 0.355 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from October 21, 2022 to October 28, 2022 (both days inclusive).

“Redco Textiles Limited is a Public Limited Company which commenced operations in October 1991. It was incorporated. Redco’s principal activities include manufacture and sale of yarn and Greige fabric.

The total numbers of shares are 49,292,600. The Earnings per share is 0.43 in 2020 which was 0.02 in 2019.The Profit after Taxation of the Company is 20,953,000 in 2020 which was 942,000 in 2019.”