Financial results of Shadab Textile Mills Limited for Quarter ended December 31, 2017

Financial Results

Karachi, Shadab Textile 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. 6,130 with earnings per share 2.04 basic and diluted respectively.

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

Furthermore, the share transfer books of the company will remain closed from February 02, 2018 to February 02, 2018 (both days inclusive).

Shadab Textile Mills Limited is a public limited company incorporated in Pakistan on August 19, 1979. The business of the company commenced on November 18, 1979. The foundations of the company are laid under the Companies Ordinance, 1984. The principal business activity of the company is manufacturing and sale of all types of yarn products. The spinning plant of the company is set at District Sheikhupura in the province of Punjab which went into production in February, 1982. The shares of the company are quoted on Karachi Stock Exchange of Pakistan. The registered office of the company is located at Lahore.

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