Lahore, Sapphire Fibres Limited, a leading textile company, announced a final Cash Dividend of Rs. 10.00 per share for the fiscal year ending June 30, 2023. The decision was approved during the company's Board of Directors meeting held on September 26, 2023, in Lahore, with the option of participation via video conference.

The company also disclosed its financial results, both standalone and consolidated. For the fiscal year 2023, standalone sales reached Rs. 46,446,990,548, compared to Rs. 43,637,516,571 in 2022. After accounting for costs, gross profit stood at Rs. 8,916,900,481. The company reported a profit after taxation of Rs. 5,120,786,780, with earnings per share of 247.72.

In the consolidated statement, Sapphire Fibres Limited reported sales of Rs. 65,461,810,451 for 2023, slightly lower than the previous year's Rs. 65,729,421,620. The gross profit amounted to Rs. 12,484,464,007. After expenses and finance costs, the company reported a profit after taxation of Rs. 7,808,147,503. This profit was attributable to both shareholders of the Parent Company (Rs. 6,785,885,192) and non-controlling interests (Rs. 1,022,262,311), with earnings per share for shareholders of the Parent Company at 328.27.

Additionally, the Annual General Meeting (AGM) of Sapphire Fibres Limited is scheduled to take place on October 26, 2023, in Karachi, with the option for shareholders to participate via video conference. The Share Transfer Books of the company will be closed from October 20, 2023, to October 26, 2023, inclusive.

Sapphire Fibres Limited is headquartered at 7A-K, Main Boulevard, Gulberg 11, Lahore, Pakistan. For further information, interested parties can contact the company at Phone: +92 42 35750410 or Fax: +92 42 35758783.

The company also provides World Fax services at +1 917 5913166 for international inquiries and communications.

Investors and stakeholders are encouraged to review the financial statements in Annexure 'A' and 'B' for a comprehensive understanding of the company's performance.