Pakistan Company News

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

Karachi, Sapphire Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on April 29, 2019.

The agenda of the meeting was discussion of consolidated profit and loss account for quarter ended March 31, 2019 which portrayed a profit of Rs. 596,359,989 with earnings per share 26.06 basic and diluted respectively.

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

Sapphire Textile Mills Limited is a company incorporated in Pakistan on March 11, 1969. It is a public limited company the foundations of which are laid under the Companies Ordinance, 1984. The company is principally engaged in manufacturing and sale of yarn, fabrics, home textile products and processing of fabrics. The shares of the company are quoted on Karachi Stock Exchange of Pakistan. The registered office of the company is situated at Karachi and its mills are located at Kotri, Nooriabad, Chunian, Feroze Watwan and Bhopattian Lahore.

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