Financial results of Salfi Textile Mills Limited for period ended December 31, 2015

Karachi: Salfi Textile Mills Limited informed Pakistan Stock Exchange about recommendations made by the board of directors in the meeting held at Karachi on February 27, 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. 166,422 and loss per share Rs. 49.79 basic and diluted.

Secondly, un-audited profit and loss accounts was discussed for quarter ended December 31, 2015, which portrayed a loss of Rs. 122,166 and loss per share Rs.36.55 basic and diluted.

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

Salfi Textile Mills Limited is a company incorporated in Pakistan on January 5, 1968. It is a public limited company formed under the Companies Act, 1913 as repealed by Companies Ordinance, 1984. The principal activity of the company is manufacturing and sale of yarn. The manufacturing facilities of the company are located at Landhi Industrial Estate, Karachi in the province of Sindh. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located at Karachi.

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