Karachi, Shahtaj Textile Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 28, 2022.
The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2022 which portrayed a profit of Rs. 96,081,607 with earnings per share 9.95 basic and diluted respectively.
Further, 100% payment of cash dividend, bonus shares and right shares was agreed.
Shahtaj Textile Limited is limited by shares, incorporated in Pakistan on January 24, 1990, as a public limited company. The principal business of the company is to manufacture and sell textile goods.
The mills went into commercial production in January 1992. Their production facilities are situated in the hub of Textile Industries near Lahore (Pakistan) and are equipped with the most advanced high speed Toyoda and Picanol Air Jet Looms of Japanese and Belgium origin. Starting with 72 looms now the number of installed looms is 178 with complete back up process and stand-by self power generation.
The total numbers of shares are 9,660,000. The Earnings per share is 7.51 in 2020 which was 19.47 in 2019. The Profit after Taxation is 72,571,000 in 2020 which was 188,049,000 in 2019.