Financial results of Amtex Limited for period ended December 31, 2015

Karachi: Amtex Limited informed Pakistan Stock Exchange about recommendations made by the board of directors in the meeting held at Faisalabad on February 29, 2016.

The agenda of the meeting was discussion of un-audited profit and loss accounts for quarter ended December 31, 2015 which portrayed a loss of Rs. 145,579,295 and loss per share Rs.0.56 basic and diluted.

Secondly, un-audited profit and loss accounts was discussed for half year ended December 31, 2015, which portrayed a loss of Rs. 275,403,767 and loss per share Rs.1.06 basic and diluted.

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

Amtex Limited is a company incorporated in Pakistan as a private limited company in 1991. It was later converted into a private limited company from March 20, 2007 the foundations of which are laid under the Companies Ordinance, 1984. The core business activities of the company is export of all kinds including value added fabrics, textile made ups, casual and fashion garments duly processed. The company is also engaged in the business of manufacture and sale of yarn. The production facility of the company is located in Faisalabad. The registered office of the company is also located in Faisalabad. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan.

The symbol “AMTEX” is being used by the stock exchange for the shares of Amtex Limited.