Karachi, Ashfaq Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Faisalabad on February 28, 2023.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2022 which portrayed a loss of Rs. 24,328,775 with loss per share 0.558 diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from February 21, 2023 to February 28, 2023 (both days inclusive).
Ashfaq Textile Limited was incorporated in Pakistan on January 14, 1988 as a private limited company and subsequently converted into a public limited company. The business of the Company is manufacturing and sale of textiles and rendering of sizing and conversion services.
The total numbers shares are 38,483,500. The Earnings per share is 0.43 in 2020 which was 0.10 in 2019. The Profit after Taxation is 15,095,000 in 2020 which was 3,454,000 in 2019.