Pakistan Company News

Financial results of Sargodha Spinning Mills Limited for Quarter ended March 31, 2019

Karachi, Sargodha Spinning Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on April 25, 2019.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2019 which portrayed a profit of Rs. 43,652 with earnings per share 1.40 basic and diluted respectively.

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

Sargodha Spinning Mills Limited is a public limited company incorporated in Pakistan under the Companies Ordinance, 1984. The company is principally engaged in the manufacturing and trading of yarn made from raw cotton and synthetic fibre and trading of fabric of all types and to generate electricity for internal use. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Lahore.

The main products of the company are production of 100 % cotton yarn, Polyester Viscose blended yarn and Polyester Cotton blended yarn.

The symbol “SRSM” is being used by the stock exchanges for the shares of Sargoda Spinning Mills Limited.