Karachi, Yousaf Weaving Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on November 29, 2019.
The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2019 which portrayed a loss of Rs. 11,191,019 with loss per share 0.12 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Yousaf Weaving Mills Limited is a company incorporated in Pakistan as a public limited company on January 17, 1988. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is engaging in the business of textile weaving, spinning and sale of processed fabrics, home textile and dairy products. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Chakwal.
The symbol “YOUW” is being used by the stock exchange for the shares of Yousaf Weaving Mills Limited.