Elahi Cotton Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 27, 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. 633,881 with earnings per share 0.49 basic and diluted respectively.

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

The announcement is available at:

https://dps.psx.com.pk/download/document/143601.pdf

Elahi Cotton Millls Limited was incorporated in Pakistan as a public limited company on June 22, 1970. The foundations of the company have been laid using the Companies Act 1913, now the Companies Ordinance, 1984. The core business activities of the business include manufacturing and sales of yarn. The registered office of the company is located in Islamabad. The stocks of the company are listed on the Karachi and Islamabad Stock Exchanges of Pakistan.

The symbol "ELCM" is being used by the stock exchanges for the shares of Elahi Cotton Mills Limited.

© Pakistan Press International, source Asianet-Pakistan