ICC Textiles Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on January 30, 2020.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2019 which portrayed a loss of Rs. 26,447,074 with loss per share 0.88 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/142088.pdf

ICC Textiles Limited was incorporated in Pakistan on May 25, 1989 as a public limited company under the Companies Ordinance, 1984. The principal activity of the Company is manufacturing and sale of grey fabric and renting out vacant buildings and / or open area of the company's premises.

© Pakistan Press International, source Asianet-Pakistan