Karachi, Sapphire Fibres 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. 951,226,194 with earnings per share 33.95 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Sapphire Fibres limited is a public limited company incorporated in Pakistan in 1979. The foundation of the company is laid under the Companies Ordinance, 1984. The company is principally engaged in manufacture and sale of yarn, fabrics and garments. The stocks of the company are quoted on Karachi, Lahore and Islamabad Stock Exchanges of Paksitan. The registered office of the company is located at Karachi.
Manufacturing units of the company are located in the province of Punjab at Lahore consisting of 99,024 spindles, 9 fabric dyeing, 9 yarn dyeing, 92 knitting and 282 stitching machines.
The symbol “SFL” is being used by the stock exchanges for the shares of Sapphire Fibres Limited.