Blessed Textiles Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 26, 2020.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2019 which portrayed a profit of Rs. 321,554,722 with earnings per share 49.99 basic and diluted respectively.

Further, 23.40 payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from March 18, 2020 to March 25, 2020 (both days inclusive).

The announcement is available at:

https://dps.psx.com.pk/download/document/143438.pdf

Blessed Textiles Limited is a Pakistan-based company engaged in manufacture of textile products. The Company is primarily a spinning unit engaged in the manufacture and sale of yarn and woven fabric. The Company is also engaged in the generation of electricity for self consumption. The Company's segments include Spinning, Weaving and Power. The Company's Spinning segment is engaged in manufacture of yarn. The Company's Weaving segment is engaged in manufacture of fabric. The Company's Power segment is engaged in generation of electricity. The Company's manufacturing facility is located at District Sheikhupura in the Province of Punjab.

The symbol "BTL" is being used by the stock exchanges for the shares of Blessed Textiles Limited.

© Pakistan Press International, source Asianet-Pakistan