Financial results of Prosperity Weaving Mills Limited for period ended December 31, 2015

Karachi: Prosperity Weaving Mills Limited informed Pakistan Stock Exchange about recommendations made by board of directors in the meeting held at Lahore on February 25, 2016.

The agenda of the meeting was discussion of un-audited profit and loss accounts for half year ended December 31, 2015 which portrayed a loss of Rs. 17,155,851 and loss per share Rs. 0.93 basic and diluted.

Secondly, un-audited profit and loss accounts discussed for quarter ended December 31, 2015, which portrayed a profit of Rs. 22,123,759 and earnings per share Rs. 1.20 basic and diluted.

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

Prosperity Weaving Mills Limited is a company incorporated in Pakistan on November 20, 1991. It is a public limited company the foundations of which are laid under the Companies Ordinance, 1984. The principal activity of the Company is manufacturing and sale of woven cloth. The Mill is located at District Sheikhupura 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 situated at Lahore.

The symbol “PRWM” is being used by the stock exchange for the shares of Prosperity Weaving Mills Limited.