Pakistan Company News – Financial results of Samin Textiles Limited for Year ended June 30, 2018

Financial results of Samin Textiles Limited for Year ended June 30, 2018

Karachi, Samin Textiles Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on November 30, 2018.

The agenda of the meeting was discussion of profit and loss account for year ended June 30, 2018 which portrayed a loss of Rs. 898,117,941 with loss per share 33.60 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 November 20, 2018 to November 27, 2018 (both days inclusive).

Samin Textiles Limited is a public limited company incorporated in Pakistan on November 27, 1989. The foundations of the company are laid under the Companies Ordinance, 1984. The principal business activity of the Company is manufacturing and sale of cloth. The mill is situated at District Kasur 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 located at Lahore.

The symbol “SMTM” is being used by the stock exchange for the shares of Samin Textiles Limited.