Karachi, Ruby Textile Mills Limited informed Pakistan Stock Exchange that the auditor’s has given adverse opinion, but the management has fully disclosed all the circumstances and uncertainties in the note No. 1.1 of the financial statement as per requirement of the international financial reporting standards and has also disclose that overall assets exceeds its liabilities and the company may able to realize its assets.
“The company was incorporated in Pakistan on October 18, 1980 as a private limited company and was subsequently converted into public limited company. The principal business of the company is manufacturing and sale of yarn.
The total number of shares that is 52,214,400. The Earnings per shares is (0.54) in 2020 which was (2.10) in 2019. The Company had a loss of Rs. 28,092,000 in 2020 which was 98,838,000 in 2019.”