Karachi, Ruby Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on October 06, 2022.
The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2022 which portrayed a loss of Rs. 27,919,627 with loss per share 0.53 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).
“The company was incorporated in Pakistan on October 18, 1980 as a private limited company and was subsequently converted into public limited company. The principal business of the company is manufacturing and sale of yarn.
The total number of shares that is 52,214,400. The Earnings per shares is (0.54) in 2020 which was (2.10) in 2019. The Company had a loss of Rs. 28,092,000 in 2020 which was 98,838,000 in 2019.”