Pakistan Company News

Financial results of Tata Textile Mills Limited for Quarter ended March 31, 2022

Karachi, Tata Textile Mills 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. 1,676,555 with earnings per share 29.94 basic and diluted respectively.

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

Tata Textile Mills Limited is a public limited company incorporated in Pakistan on April 15, 1987. The principal activity of the Company is manufacturing and sale of yarn. The Company is a most modern Spinning Unit consisting of 19,200 Spindles was setup for the manufacturing of Cotton Yarn

The total numbers of shares are 55,993,614. The Earnings per share is (18.98) in 2020 which was 1.89 in 2019. The Profit after taxation is (328,812,000) in 2020 which was 32,810,000 in 2019.