Samin Textiles Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on April 27, 2020.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2020 which portrayed a loss of Rs. 11,177,829 with loss per share 0.42 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/146761.pdf

Samin Textiles Limited is a public limited company incorporated in Pakistan on November 27, 1989. The foundations of the company are laid under the Companies Ordinance, 1984. The principal business activity of the Company is manufacturing and sale of cloth. The mill is situated at District Kasur in the Province of Punjab. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Lahore.

The symbol "SMTM" is being used by the stock exchange for the shares of Samin Textiles Limited.

© Pakistan Press International, source Asianet-Pakistan