Karachi, Suraj Cotton Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on April 27, 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. 167,789 with earnings per share 4.58 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Suraj Cotton Mills Limited is a company incorporated in Pakistan. It is a public limited company the foundations of which are laid under the Companies Ordinance, 1984. The principal business activity of the company is a manufacture, trading and sale of yarn. It is also engaged in the processing of cloth. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Lahore.
The symbol “SURC” is being used by the stock exchange for the shares of Suraj Cotton Mills Limited.