Financial results of Karim Cotton Mills Limited for the period ended December 31, 2015

Karachi: Karim Cotton Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 08, 2016.

The agenda of the meeting was discussion of un-audited interim profit and loss account of Karim Cotton Mills Limited for the half year ended December 31, 2015 which portrayed a loss of Rs. 166,880 and for quarter ended December 31, 2015 portrayed a loss of Rs. 152,480.

Further, loss per share is Rs. 0.14 basic and diluted for half year ended December 31, 2015 and 0.13 for the quarter ended December 31, 2015.

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