Financial results of Sana Industries Limited for Quarter ended March 31, 2022

Karachi, Sana Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 27, 2022.

The agenda of the meeting was discussion of unconsolidated and consolidated profit and loss account for quarter ended March 31, 2022 which portrayed a profit of Rs. 17,132,217 and 25,016,740 with earnings per share 1.42 and 1.70 basic and diluted respectively.

Further, 15% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from May 13, 2022 to May 16, 2022 (both days inclusive).

Sana Industries was established in 1988 for manufacturing of man-made blended Fibre Yarns and became a member of Karachi Stock Exchange in 1989. Initially it started with the capacity of 12,000 spindles and now its capacity is 30,720 spindles.

In the year 2006 Sana Industries expanded and diversified its business activities by entering into a new line of business i.e. “Ammonia based temperature controlled warehouse”.

The Company is listed on Pakistan Stock Exchange Limited with the total number of shares of the Company that is 11,000,000. The Earnings per shares of the Company is (3.66) in 2020 which was 7.59 in 2019. The Profit after taxation in 2020 is Rs. (31,456,000) which was Rs. 65,224,000 in 2019.