Indus Dyeing and Manufacturing Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on May 18, 2020.

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for quarter ended March 31, 2020 which portrayed a profit of Rs. 232,963 and Rs. 346,610 with earnings per share 12.89 and 19.18 basic and diluted respectively.

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

The announcement is available at:

https://dps.psx.com.pk/download/document/147887.pdf

Indus Dyeing and Manufacturing Company Limited was incorporated in Pakistan on July 23, 1957 as a public limited company under the Companies Ordinance, 1984. The principal activity of the company includes manufacturing and sale of yarn. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located at Karachi. The manufacturing facilities of the company are located in Karachi, Hyderabad and Muzaffargarh. The company is also operating two ginning units. One is located in Multan.

The company has the group entities lndus Lyallpur Limited and lndus Home limited which are the wholly owned Subsidiary and Sun Rays Textile Mills Limited which is an associated undertaking.

The symbol "IDYM" is used by the stock Exchange for trading the shares of lndus Dyeing & Manufacturing Company Limited.

© Pakistan Press International, source Asianet-Pakistan