Karachi, Reliance Cotton Spinning 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 profit of Rs. 82,064,934 with earnings per share 7.97 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Reliance Cotton Spinning Mills Limited is a company incorporated in Pakistan on June 13, 1990 as a public limited company and the foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the Company is manufacturing and sale of yarn. The mill is located at District Sheikhupura in the Province of Punjab. 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 “RCML” is being used by the stock exchange for the shares of Reliance Cotton Spinning Mills Limited.