Pakistan Company News

Financial results of Saif Textile Mills Limited for Quarter ended March 31, 2019

Karachi, Saif Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 26, 2019.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2019 which portrayed a loss of Rs. 29,307 with loss per share 1.11 basic and diluted respectively.

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

Saif Textile Mills Limited is a Public Limited Company incorporated in Pakistan on December 24, 1989. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is manufacture and sale of yarn. The Company’s Mills are located in Industrial Estate, Gadoon Amazai, District Sawabi. The stocks of the company are quoted on the Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Peshawar.

The symbol “SAIF” is being used by the stock exchange for the shares of Saif Textile Mills Limited.