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Board Meeting in Progress of Service Industries Textiles Limited

Karachi, Service Industries Textiles Limited informed Pakistan Stock Exchange that a meeting of the Board of Directors of the Company scheduled to be held on March 30, 2023 at Lahore to consider Annual Accounts for the year ended December 31, 2022 is in progress.

Service Industries Textiles Limited was incorporated in Pakistan in 1962 as a Private Limited Company and was subsequently converted into a Public Limited Company in 1970. The principal activity of the Company is manufacturing and sale of yarn made from raw cotton and synthetic fiber.

The total numbers of shares are 13,787,567. The Earnings per share is (5.63) in 2020 which was 8.34 in 2019. The Profit after Taxation is (25,042,000) in 2020 which was 37,114,000 in 2019.

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