Financial results of Samin Textiles Limited for period ended December 31, 2015

Karachi: Samin Textiles Limited informed Pakistan Stock Exchange about recommendations made by the board of directors in the meeting held at Lahore on February 24, 2016.

The agenda of the meeting was discussion of un-audited profit and loss account for half year ended December 31, 2015 which portrayed a loss of Rs. 39,296,613 and loss per share Rs. 1.47 basic and diluted.

Secondly, un-audited profit and loss accounts was discussed for quarter ended December 31, 2015, which portrayed a loss of Rs. 10,082,670 and loss per share Rs. 1.09 basic and diluted.

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

Samin Textiles Limited is a public limited company incorporated in Pakistan on November 27, 1989. The foundations of the company are laid under the Companies Ordinance, 1984. The principal business activity of the Company is manufacturing and sale of cloth. The mill is situated at District Kasur 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 located at Lahore.

The symbol “SMTM” is being used by the stock exchange for the shares of Samin Textiles Limited.