Financial results of Apollo Textile Mills Limited for year ended June 30, 2015

Karachi: Apollo Textile Mills Limited informed Karachi Stock Exchange about recommendations made by the board of directors in the meeting held at Karachi on December 30, 2015.

The agenda of the meeting was discussion of profit and loss account for year ended June 30, 2015 which portrayed a loss of Rs. 97,697,778 and loss per share 11.79.

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

The annual general meeting of the company is scheduled to be held on January 22, 2016.

Further, the share transfer books of the company will remain closed from January 15, to January 22, 2016 (both days inclusive).

Apollo Textile Mills Limited is a public limited company incorporated in Pakistan. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activities of the company is creating, developing and manufacturing of yarn products which cater all the basic and high quality yarn needs in the local and international markets. The stocks of the company are quoted on the Karachi and Islamabad Stock Exchanges of Pakistan.

The emphasis of the company is to respond to the emerging trends in the spinning industry and exporting yarn to international markets to the manufacturers of value added finished products. The company has several certifications ensuring quality standards using which the production is done. These are OHSAS 18001, ISO 14000, ISO 9000 and USTER Certified Company.

The symbol “APOT” is being used by the stock exchanges for the shares of Apollo Textile Mills Limited.