Financial results of Shadman Cotton Mills Limited for Quarter ended September, 2015

Karachi: Shadman Cotton Mills Limited informed Karachi Stock Exchange to inform the board of directors meeting held on November 30, 2015 at Lahore.

The agenda of the meeting was discussion of Un-audited profit and loss account for the Quarter ended September 30, 2015 which portrayed a loss of Rs. 49,637,262 and loss per share 2.81 basic and diluted.

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

Shadman Cotton Mills Limited is a company incorporated in Pakistan in 1979. It is a producer and seller of quality ring spun yarns. It has more than 56,000 spindles for high quality yarn manufacturing. The company offers a variety of ring spun yarns with a range of natural and man-made fibres. The spinning mills of the company are located in Sheikhupura, Pakistan. The offices of the company are located in Lahore. The shares of the company are quoted on Karachi Stock Exchange of Pakistan. The registered office of the company is located at Lahore.

The symbol “SHCM” is being used by the stock exchange for the shares of Shadman Cotton Mills Limited.