Karachi, Saritow Spinning Mills Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on February 26, 2018.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2017 which portrayed a profit of Rs. 18,440,681 with earnings per share 0.62 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Saritow Spinning Mills Limited is a company incorporated in Pakistan as a public limited company. The foundations of the company are laid under the Companies Ordinance 1984. The principal activity of the company is spinning unit engaged in the manufacture and sale of yarn. 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 manufacturing facility of the company is located at Bhai Pheru, District Kasur in the province of Punjab.
The symbol “SSML” is being used by the stock exchange for the shares of Saritow Spinning Mills Limited.