Financial results of Suraj Cotton Mills Limited for Quarter ended March 31, 2022

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, 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. 775,860 with earnings per share 17.49 basic and diluted respectively.

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

Suraj Cotton Mills Limited was incorporated in Pakistan as a public limited company. The Company is engaged in the manufacturing, sale and trading of yarn, cloth and processing of cloth. Suraj Cotton Mills Limited has spinning and air jet weaving machinery.

The total numbers of shares are 40,338,443. The Earnings per share is 19.62 in 2020 which was 23.42 in 2019. The Profit after taxation is 719,549,000 in 2020 which was 858,755,000 in 2019.