Mubarak Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 28, 2020.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2020 which portrayed a profit of Rs. 114,567 with earnings per share 0.02 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/146726.pdf

The company is a publicly quoted firm based in Pakistan that is active in the textile industry. Its core business is the design, manufacture and distribution of made-up textile articles. The company is primarily involved in the production of household textile products such as bedspreads, sheets, tablecloths, linen, towels, carpets, and shower curtains, from purchased materials. The firm principally conducts its business operations within the country.

The symbol "MUBT" is being used by the stock exchange for the Mubarak Textile Mills Limited.

© Pakistan Press International, source Asianet-Pakistan